BOE's Forbes Votes for Rate Hike, Others May Not Be Far Behind
From bloomberg.com
Bank of England policy maker Kristin Forbes voted for an interest-rate increase and some others indicated they may not be far behind her. As the nine-member Monetary Policy Committee balances a desire to support growth against concern about a currency-fueled pickup in inflation, Forbes said the trade-off has shifted. For her, the outlook for above-target inflation over the next three years, combined with few concrete signs of slower growth, warranted an immediate change in policy. The bank kept the benchmark interest rate at a record low 0.25 percent in an 8-1 vote and unanimously decided to leave the bond-purchase ...
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