Bank of England MPC sees first dissent since 2011

bank-of-england
Bank of England

Two members of the Bank of England's (BoE) nine-strong monetary policy committee (MPC) voted to raise the bank's benchmark interest rate last month, in the MPC's first split decision since 2011.

Ian McCafferty and Martin Weale voted to hike Bank rate by 25 basis points from its current level of 0.5%, where it has been since March 2009, according to minutes published today.

The two external members argued that an early increase would make good on the BoE's promise to raise interest rates graduall

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: