Minutes show BoE split 3 ways on rates

The Bank of England's Monetary Policy Committee was split three ways on this month's decision to keep interest rates at 4.5 percent, minutes released on Wednesday 17 May showed.

The minutes of the May 3-4 meeting showed 6 of 8 MPC members present wanted to keep interest rates unchanged for the ninth month running, while David Walton wanted to raise rates a quarter percentage point and Stephen Nickell voted for a cut.

"Most members felt there was no need to stimulate demand at this time given si

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: