The Traderszone Network

Published in TZ Latest News 22 July, 2015 by The TZ Newswire Staff

Bank of England minutes show ‘a number’ of rate-setters edging towards hike

Bank of England policymakers voted unanimously to keep interest rates on hold earlier this month but there were signs that more of them were edging closer to pushing for a first hike since before the financial crisis. Minutes of the Monetary Policy Committee’s meeting, which ended on July 8, showed its members voted 9-0 to leave rates at their record low of 0.5 percent. “For all MPC members, the policy decision this month was clear cut,” according to the minutes which were published on Wednesday.