Bank of England MPC sees first dissent since 2011

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

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