Minutes show 7-2 split on BoE rate vote

The Bank of England's Monetary Policy Committee voted by a 7-to-2 margin to keep its benchmark rate unchanged at 5.25 pct at its meeting earlier this month, minutes showed Wednesday 21 February.

The dissenting votes came from the MPC's latest members Andrew Sentance and Tim Besley, who wanted to raise the repo rate to 5.50 pct.

Besley and Sentance also reckoned that the BoE's three rate hikes since August last year, taking the benchmark rate to 5.25 pct from 4.75 pct, "was still modest relative to

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