Bank of England boss: Interest rate hold was ‘very close call’

The following video is brought to you courtesy of the Sky News YouTube Channel. Click the video below to watch it now.

The Bank of England surprised investors and economists by leaving interest rates on hold at 0.1% for at least another month.

But Bank governor Andrew Bailey denied accusations he wrong-footed investors by signalling an imminent rate increase ahead of the decision.

Mr Bailey told Sky News rate-setters still needed to see “hard evidence” on the state of the jobs market before any hike.

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