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
Add BT as a preferred source
London
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 joined previous rate rise advocate Kristin Forbes in voting to reverse the BOE's decision last August to cut rates to 0.25 per cent, the BOE said on Thursday.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Single founders, billion-dollar valuations: AI is minting unicorn startups at birth
