Inflation Hawks Outvoted as Rates Remain at 0.5 per cent

The monetary Policy Committee of the Bank of England kept interest rates at a record low of 0.5 per cent yesterday, but the decision to maintain the level for a 17th consecutive month masks disagreement over whether to lift the borrowing rate to tackle rising inflation.
"There... seems to be a growing movement advocating an increase in interest rates," said Jennet Siebrits, head of residential research at property advisers CB Richard Ellis

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