BoE votes 7-2 to keep rates on hold, but prepares market for a rise

FT/Chris Giles/09-14-17

The Bank of England has issued its strongest guidance in a decade that it is poised to raise interest rates, setting the stage for a nail-biting decision at the November meeting of the Monetary Policy Committee.

Voting seven to two against an immediate increase in interest rates at the September meeting, a majority of MPC members signalled that unless there is a sudden string of bad economic data “some withdrawal of monetary stimulus is likely to be appropriate over the coming months”.

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