BoE minutes highlight risks from sterling strength

bank-of-england-head-on
The Bank of England

Divergent monetary policy is exacerbating the Bank of England's (BoE) headache as it contends with below-target inflation, according the minutes of its latest monetary policy meeting, published today.

Held on March 4 and 5, the meeting saw the monetary policy committee (MPC) vote unanimously in favour of keeping policy steady. Inflation in January fell to 0.3% from 0.5% in December, but since the downward trend is driven largely by food and energy prices, the central bank is holding fire for the

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