Bank of England doves right to thwart hawks seeking interest rate rise
by Larry Elliott from Economics | The Guardian on (#2T1RX)
The three dissenting members of the monetary policy committee have a case, but not a compelling one
The economy is looking wobbly. Living standards are being squeezed. A week after the general election Britain lacks an effective government. Is this the right time for the Bank of England to be thinking about raising interest rates?
Well, three members of the Bank of England's monetary policy committee think it is - the first time there has been a triumvirate in favour of dearer borrowing costs in six years.
Related: Bank of England edges closer to increasing UK interest rates
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