Bank’s Dale explains vote reversal

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Spencer Dale, the Bank's chief economist and a member of the Monetary Policy Committee (MPC), on Wednesday said the deterioration in the UK growth outlook motivated his decision to drop the vote to raise rates by 25 basis points.

At the South Tyneside Manufacturing Forum, Dale said: "Growth in the world economy, including in our core trading partners in Europe and the US, has slowed. Concerns about the fiscal positions of some countries, particularly within the euro area, have intensified. This

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