Summary
A FURTHER interest rate hike in August appeared almost certain yesterday after the Bank of England released the minutes from the meeting earlier this month of its monetary policy committee.
Although the MPC's nine members voted unanimously to keep base rates on hold at 4.5% in July, analysts said the minutes of the meeting were generally hawkish. The committee, led by Bank of England governor Mervyn King, noted that it was "likely" that rates would need to rise again in the future.See the full content of this document
Extract
Bank Minutes Fuel Speculation About Hike in Rates Next Month
However, there were two main reasons put forward for not raising ...
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