Bank of England rate split 'behind us now'

Bank of England Monetary Policy Committee members Paul Tucker and David Walton differed over the outlook for inflation in testimony to lawmakers on Thursday 13 October.

Tucker, who voted with a minority of the committee against the central bank's 4 August interest-rate cut, said the central bank must remain ``vigilant'' about inflation expectations and there are ``upside'' risks to price rises. Walton, who favoured the cut, told the committee he's concerned there are ``downside'' risks to grow