Bank of England MPC Minutes, 9 &10 March

The minutes from the 9 &10 March meeting of the Bank of England's Monetary Policy Committee published on Wednesday 23 March showed Paul Tucker voted for the second month in a row to raise interest rates, and was joined by deputy governor Andrew Large, who also wanted an increase to 5%.

"There was still little evidence of inflationary pressures in the supply chain passing through into wages or consumer prices," the majority of the Monetary Policy Committee concluded, according to the minutes.

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