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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
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