Rate rise moves closer as views on MPC diverge | This is Money
A small rise in interest rates in the coming months looked more likely today, after opinion at a divided Bank of England was shown swinging behind a rate rise.
Minutes of this month's monetary policy committee meeting revealed today not only that Spencer Dale joined fellow members Andrew Sentance and Martin Weale in voting to raise rates from 0.5% - but also that Sentence voted for a hefty 0.5% hike.
Speculation that the MPC would come under increasing rpessure to raise rates has intensified since inflation came in at 4% for January - double the 2% target set for the MPC by the Treasury.
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