BoE minutes highlight risks from sterling strength
MPC members raise concerns over divergence of monetary policy
Divergent monetary policy is exacerbating the Bank of England's (BoE) headache as it contends with below-target inflation, according the minutes of its latest monetary policy meeting, published today.
Held on March 4 and 5, the meeting saw the monetary policy committee (MPC) vote unanimously in favour of keeping policy steady. Inflation in January fell to 0.3% from 0.5% in December, but since the downward trend is driven largely by food and energy prices, the central bank is holding fire for the
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