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Bank of England keeps interest rates unchanged after only one committee member votes for change
The Bank of England sent an unexpectedly dovish message to financial markets today as it said the falling oil price and the strength of the pound would keep inflation “muted” even as wages pick up and the economy continues to grow. On what has been dubbed “Super Thursday” by the City because of the large simultaneous dump of information by Threadneedle Street, it emerged that only one member of the rate-setting Monetary Policy Committee, Ian McCafferty, voted to put up rates from their historic floor of 0.5 per cent. The City had expected at least two members of the nine person committee to vote for an ... (full story)
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