Hawkish signs appear in BoE’s latest communication
Committee still split 7–2 in favour of keeping policy on hold
A majority in favour of hiking interest rates appears to be forming in the Bank of England’s monetary policy committee, though the group chose to keep policy on hold today (September 14).
The MPC was split 7–2 in favour of maintaining the policy rate at 0.25% and the stock of asset purchases at £445 billion ($594 billion), including £10 billion of corporate bonds. As before, Ian McCafferty and Michael Saunders were the two dissenters.
However, hawkish signals have crept into the policy
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