MPC members signal Bank won't cut just yet

Despite Sir John Gieve's indication earlier this week that he would back a rate cut in the coming months, comments by other members of the Bank of England's Monetary Policy Committee (MPC) signal rates will stay at 5% for the time being.

Sir John, the deputy governor responsible for financial stability, indicated on Monday that he would support a cut, warning of the deflationary impact of the credit crunch.

But Kate Barker, an MPC member who has consistently voted with the majority since the

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