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Bank of England unease grows despite keeping rates at 0.5%

From theguardian.com

Bank of England policymakers are growing increasingly uneasy at leaving interest rates at a record low of 0.5%, minutes of their latest meeting revealed. The public record of the July meeting of the Bank's monetary policy committee (MPC) shows that although all nine members voted in favour of leaving rates on hold, a rate rise is drawing closer because "for some members the decision had become more balanced". Setting out the argument for an early rate rise, the MPC said there would potentially be little risk associated with a small increase in borrowing costs against a backdrop of economic growth. "On one ... (full story)

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