Bank of England MPC Minutes 9/10 June 04

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 23 June for the meeting of 9 and 10 June 2004. The minutes showed the MPC voted unanimously in favour of raising interest rates to 4.5% saying the outlook for the world economy had improved while employment and wages in the U.K. were rising.

"The balance of risks had moved toward the upside, given the tightening in the labour market and the more broadly-based world recovery," the minutes of the meeting that con