Pound Drops as BOE Votes Unanimously to Hold Rates at Record Low

  • Policy committee votes 9-0 as McCafferty changes view
  • BOE says sterling's decline may reflect EU-referendum risks

Are Inflation Pressures Fading For Carney?

The pound fell after Ian McCafferty, the Bank of England’s only policy dissenter over the past six months, dropped his call for higher interest rates and officials cut their growth and inflation forecasts.

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