Bank of England Monetary Policy Committee Minutes

MINUTES - Minutes from the Bank of England's MPC meeting 3 and 4 July, released 17 July. The Bank of England's Monetary Policy Committee voted 8-1 to leave interest rates at 4.0 percent for the eighth month running in July, the minutes showed.

Deputy Governor Mervyn King was again on his own in calling for higher interest rates, arguing that inflation was expected to rise "quite steeply" above its 2.5 percent target in the medium term.


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