Shadow MPC advises Bank of England to hold rates despite inflation risk

Key facts

• City AM's Shadow MPC was split on interest rates.
• A majority of 6 members voted to hold interest rates.
• Three members voted for a rate hike.

City AM's Shadow Monetary Policy Committee (MPC) was divided on the appropriate course for interest rates, with a majority ultimately advising the Bank of England to hold them steady. The committee's vote was split 6-3, with the larger group advocating for no change, while a minority pushed for a rate hike. The decision reflects ongoing concerns about inflation risks, balanced against other economic considerations.