Bank of England MPC members explain decisions

The testimonies of individual members of the Bank of England's rate-setting monetary policy committee (MPC) before the Treasury select committees on 28 June, provided some clues as to the timing of further tightening.

The indications from the testimonies before the House of Commons committee suggested that next week's rate decision could again be close affair.

At the most recent MPC meeting, earlier this month, five members voted to keep rates unchanged at 5.5%, while four members, including g

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