UK rate-setters mulled June rise

Several members of the Bank of England's Monetary Policy Committee considered raising rates in June on the back of poor inflation data.

The minutes of the June meeting, published Wednesday, show MPC members believed risks to medium-term inflation expectations severe enough to warrant discussion on an immediate rise in bank rate.

"If there were a serious threat to medium-inflation expectations then a pre-emptive rise in rates would be appropriate," the minutes said. "Delay would only increase t