Bank of England signals rate rise unlikely before 2016

Michael Klimes
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Schemes have been warned against expecting a rate rise this year after just one of the Bank of England's (BoE) Monetary Policy Committee (MPC) members voted for an increase this month.

Commentators had been expecting a more hawkish decision, with two or even three members pushing for an increase from the current 0.5%. But Ian McCafferty was the sole dissenter, voting for a 25 ...

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