King sees no bloc vote on MPC

The Bank of England's Monetary Policy Committee members do not vote as a bloc on interest rates, Bank of England Governor Mervyn King said on Thursday 17 November.

"That would be a very bad idea if we voted as a group internally," King told a meeting of business people and community leaders in Birmingham, central England.

King was outvoted by the four outside members plus BoE chief economist Charles Bean on the MPC's decision to cut interest rates in August.

``We have seen a period of very rapid

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