BoE MPC moving towards rate hike, minutes hint
‘A number of members’ believe risks to inflation are becoming ‘skewed to the upside’
Members of the Bank of England's (BoE) monetary policy committee (MPC) are increasingly signalling a move towards voting for a rate hike, the minutes of their latest meeting, published today (July 22), imply.
The MPC voted unanimously to hold policy steady at the meeting on July 8, with the minutes noting uncertainty over Greece was a "very material factor" in the decision of certain members.
"A number of members" saw the balance of risks to the inflation outlook as "becoming more skewed to the
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