Bank of England's January minutes

The minutes from the January meeting of the Bank of England's Monetary Policy Committee show most members judged cutting bank rate by 50 basis points would provide a significant stimulus to the economy.

Eight out of the nine members voted to cut the bank rate to 1.5% which would have a significant effect on the income of many businesses and households. The members noted that credit conditions had continued to tighten and the need for further measures to encourage the flow of lending to the non

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