Article 7JX5 Bank of England decision to keep 0.5% interest rate was unanimous

Bank of England decision to keep 0.5% interest rate was unanimous

by
Heather Stewart
from on (#7JX5)

All members of monetary policy committee rejected rate rise after previously split votes while analysts say likely coalition negotiations will delay changes

Bank of England policymakers voted unanimously to leave borrowing costs on hold this month, but two members of the monetary policy committee saw the decision as "finely balanced", shortening the odds on a rate rise in the coming months.

Minutes published on Wednesday showed that two anti-inflation hawks - likely to be Martin Weale and Ian McCafferty, who voted for higher rates through late 2014 - were again contemplating a rise, despite suggestions that wages would not grow as fast this year as previously expected.

Continue reading...mf.gif

rc.img
rc.img
rc.img

a2.img
ach.imga2t.imga2t2.img
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments