The Bank of England’s monthly interest rate decision was made today - but instead of it being announced at 12 noon, as usual, it happened at 7am.
This was because it wanted to release its decision - which kept base rate at 0.1 per cent - ahead of yet another statement on the economy from Chancellor Rishi Sunak, which is to be made in the House of Commons early this afternoon.
This morning's 'steady as she goes' decision confounded some analysts, who anticipated the BoE may introduce a negative interest rate; when the BoE pulled forward its announcement by five hours, it was thought the decision would be more dramatic.
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