Summary
BANK of England policymakers voted 6-3 in favour of holding interest rates at 0.5% earlier this month, minutes of the meeting revealed yesterday.
The Bank has been battling with inflation well above the 2% target in recent months but has insisted pressure is coming from temporary price shocks such as rising food and oil prices.See the full content of this document
Extract
World Events 'Do Little to Clear Fog' Over Interest Rate
The minutes revealed the committee found there was a "significant risk" that inflation would exceed 5%...
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