Economics
BOE's Lone Dissenter Belies Long Path to Lifting Interest Rates
- External MPC member Forbes voted for 0.25% increase this month
- Previous single votes for change haven’t led to policy change
This article is for subscribers only.
One vote does not make a Bank of England interest-rate increase.
Kristin Forbes’s lone call for a hike this week may have been augmented by minutes that indicated some other policy makers may not be far behind her, but history shows it’s a long path from a single vote to a majority.