Wednesday, February 21, 2007
Bank voted 7-2 for no change
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

The monetary policy committee's February vote was 7-2 for no change in Bank rate, with only the two new boys, Tim Besley and Andrew Sentance, voting for a hike to 5.5%. While the vote was as expected, the details were regarded by the markets as marginally more dovish than expected. Details here.

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