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Bank of England comes closest to voting for rate hike since 2007

Three of its policymakers back raising the interest rate despite signs of a slowdown in Britain's economy
Friday, June 16, 2017 - 05:50

Mr Carney and four other members of the Monetary Policy Committee voted to leave rates unchanged.


THE Bank of England (BOE) shocked financial markets on Thursday, saying that three of its policymakers had backed an interest rate hike, the closest it has come to raising rates since 2007, despite signs of a slowdown in Britain's economy.

Ian McCafferty and Michael Saunders

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