Bank of England's Monetary Policy Committee minutes: two members voted for the second consecutive month to raise interest rates

Market news

17 September 2014

Bank of England's Monetary Policy Committee minutes: two members voted for the second consecutive month to raise interest rates

The Bank of England's Monetary Policy Committee (MPC) released its latest minutes today. Two members, Ian McCafferty and Martin Weale, voted for the second consecutive month to raise interest rates to 0.75% from 0.5%.

Seven of the nine MPC members voted to keep interest rate at 0.5%.

Eurozone’s consumer price inflation was revised up to 0.4% in August

U.K. unemployment reached the lowest level since late 2008

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