Bank of England MPC Minutes 3/4 March

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 17 March for the meeting of 3 and 4 March 2004. All nine members of the MPC voted to keep interest rates steady earlier this month, but their arguments may suggest another rise is not far off.

Minutes published Wednesday showed that MPC members saw several arguments for raising rates and for some the decision was "finely balanced".

But the MPC decided that though the upside risks to consumption had probably

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