Weak demand adds pressure on Bank of England

Bank of England

Minutes from the Bank of England's Monetary Policy Committee (MPC) meeting published on Wednesday shows that all members voted against further stimulus despite strong evidence of a moderation in the recovery.

Minutes from the November 9 and 10 meeting showed that members felt underlying growth in the UK was likely to have been "weaker" than expected in the third quarter, with preliminary figures estimating a rise in output of 0.5% of GDP. It said domestic demand over the past year had been held

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