Bank of England voted 7-2 to hold rates

The Bank of England's two newest Monetary Policy Committee members, Andrew Sentance and Timothy Besley, both voted for higher interest rates at this month's meeting, minutes released Wednesday 18 October showed.

The minutes are likely to raise already high expectations of a rate increase in November.

The Bank left its benchmark rate unchanged at 4.75 percent at the Oct. 4-5 meeting, saying there was no pressing need to raise borrowing costs this month because it might fan rate expectations furt

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