Dissenter votes to hike rates on inflationary fears: Iceland minutes

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Concerns that persistent and high inflation expectations could become more entrenched in inflation caused one member of the Central Bank of Iceland's Monetary Policy Committee (MPC) to vote against the governor's proposal to hold interest rates, minutes published on Wednesday show.

Minutes from the September 20 meeting said Central Bank of Iceland governor Már Gudmundsson proposed that the central bank keep interest rates unchanged due to the inflation outlook. The committee agreed that while

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