Bank of England voted 8-1 for rate hike

Minutes from the Bank of England's last monetary policy meeting released on Wednesday 19 Novembershowed an 8-1 vote in favour of increasing interest rates 0.25%. Marian Bell, who has been labelled a dove on the MPC was the only member calling for an unchanged rate. "It was important that policy should remain forward-looking, so the present decision should be based on the Committee's assessment of the prospects for inflation and associated risks," the minutes said.

Source: Reuters

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