# Economic update: Interest rates on hold as business optimism improves - House of Commons Library

> The Bank of England voted 7-2 on January 30 to keep rates at 0.75%, with most members taking a wait-and-see approach. The Commons Library noted improved business confidence after the general election, including a PMI reading at a 16-month high.

- Date: 2020-01-30 · published 2020-01-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/55336-economic-update-interest-rates-on-hold-as-business-optimism-improves-house-of
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Steady rates and better UK business sentiment point to stable sterling and UK demand for feed-linked meat and dairy, with no clear immediate price effect.

## Sources

- commonslibrary.parliament.uk: https://commonslibrary.parliament.uk/research-briefings/cbp-11530/

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