BOE Minutes Show 9-0 Vote For Holding Current Policy

Bank of England officials discussed this month whether there was a case for an early interest rate rise, but there were concerns about hurting the recovery, minutes of their policy meeting showed on Wednesday.

The nine members of the Monetary Policy Committee voted unanimously to keep interest rates on hold, as expected by economists in a Reuters poll.

The policymakers agreed that the recovery was looking more assured, though there were some tentative signs of a slight slowdown that had been forecast for the second half of the year.

The ongoing weakness of wage growth was becoming more striking – especially against a backdrop of strong employment growth – making it hard to judge the degree of slack in the labour market.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza