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15th Jun 2017 09:41U.K., Economic Monitor

Sterling received a shot in the arm yesterday following the release of the minutes of the MPC's meeting, which revealed that three members voted to raise interest rates to 0.50%, from 0.25% currently. Markets and economists--including ourselves--had expected another 7-1 split, but Ian McCafferty and Michael Saunders switched sides and joined Kristin Forbes in seeking higher rates.

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Keywords for: 16 June 2017 What Do the Internal MPC Members Need to See to Raise Rates?

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