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BoE doves and hawks who voted to leave interests rates unchanged
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The Bank of England’s nine-strong monetary policy committee has the task of maintaining inflation at 2% over the medium term, or three years ahead. Despite a forecast showing the consumer prices index (CPI) measure of inflation will hit 5% in the new year, the committee voted 7-2 against raising interest rates, instead keeping them at 0.1% – their lowest on record.
Andrew Bailey (governor) – Last month Bailey was a hawk, talking about taking action to bring down inflation. At the MPC’s November meeting he switched sides, citing contradictory economic data for wanting to hold fire.
Sir Jon Cunliffe (deputy governor for financial markets) – known for concerns about the weakness of the UK economy, the former Whitehall mandarin has long voted to
Read more on theguardian.comAbout this in other media
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