Bank’s chief economist joins dissenters on rate hike
Spencer Dale, the chief economist at the Bank of England and a member of the Monetary Policy Committee (MPC), joined Andrew Sentance and Martin Weale, two other rate-setters, in calling for a rate hike in February, minutes published Wednesday revealed.
The minutes of the MPC's February 9 and 10 meeting showed Dale and Weale both called for 25-basis point hikes to the benchmark bank rate, which would take it to 0.75%. Sentance, who became the first MPC member to diverge from the consensus view
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