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

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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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