BOE Vote 9-0 as Some MPC See Lower Risks From Rate Increase

The Bank of England said some members of its Monetary Policy Committee have started to argue that the risk of a rate increase undermining the recovery has diminished as growth becomes more entrenched.

The nine-member panel led by Governor Mark Carney “would have the opportunity to consider in more depth” labor-market indicators before next month’s gathering when new forecasts would be reviewed. Officials voted unanimously to keep the benchmark rate at a record-low 0.5 percent, according to minutes of the July 9-10 policy meeting published in London today.