Market reaction to rates decision was 'very sensible', BoE's Bailey says

LONDON, April 30 (Reuters) - ​Bank ⁠of England ​Governor Andrew Bailey said the ​reaction ‌in financial markets to Thursday's ⁠decision by the ⁠central bank ​to keep interest rates on hold had been "very sensible".

"I ​think ‌that the market's reaction to it so far today ​is very sensible, Bailey told ‌Bloomberg.

Bailey voted with the 8-1 majority ‌to keep borrowing costs at 3.75%, a decision which ​prompted investors to scale back their ‌bets on BoE rate hikes this year.

Bailey said ⁠earlier ⁠on Thursday ‌that the BoE would face ​a "difficult ​judgement call" ‌on whether to hike rates.