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Two Bank of England officials back rate rise, others firmly against - minutes
Two Bank of England policymakers again voted to raise interest this month, leaving the central bank divided for a second successive month, but the rest of their colleagues remained firmly against tighter policy. Minutes of the BoE Monetary Policy Committee's Sept. 3-4 meeting released on Wednesday showed that external members Martin Weale and Ian McCafferty voted to raise interest rates to 0.75 percent from their record-low 0.5 percent. But the other seven members of the MPC saw no need to rush into the BoE's first rate rise since 2007, citing increased signs of weakness in the euro zone as well as weaker domestic ... (full story)