A Christmas Bank of England Cut May Lie Ahead
The Monetary Policy Committee voted to hold at 4% today — but only just
Andrew Bailey, governor of the Bank of England.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
A quick nod to an event you might be interested in before we begin: Can European capital markets change fast enough? Register for our European Capital Markets webinar at 3 p.m. (UK time) on Wednesday Nov. 12, where Bloomberg Television anchor Anna Edwards hosts an expert panel of Bloomberg reporters and Bloomberg Intelligence analysts to discuss how Europe can better compete with the US and China.