BoE's Besley says data 'drip-feed' prompted hike

Bank of England MPC member Timothy Besley said in an interview with the Financial Times published Thursday 1 February he was concerned inflation would not fall as quickly as the bank would like.

Asked if he thought inflation would not fall as fast as the BoE expected, Besley said: "It's a concern."

He told the FT his decision to join the 5-4 majority of the Monetary Policy Committee (MPC) that voted in favour of January's quarter-point interest rate rise to 5.25 percent was based on a "drip-feed"

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