Monetary policy committee is split 8-1 as members determine base rate of 0.25% is appropriate for post-referendum economy The Bank of England has held interest rates at their record low amid signs of an internal split emerging about how to tackle rising inflation.
The Bank’s monetary policy committee was divided on the rates decision, with Kristin Forbes voting to raise borrowing costs immediately. Other members also indicated that they could join her at future meetings whether they felt inflation was rising too quickly. Related: Bank of England votes 8-1 to leave interest rates on hold - business live Continue reading...
Source: theguardian.com