Bank of England minutes reveal call for half-point cut this month

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Bank of England minutes reveal call for half-point cut this month

21st February 2008, 01:01:AM

Tensions at the heart of the Bank of England's policy emerged last night as the latest minutes of the Bank's Monetary Policy Committee were published. Although all members voted for a reduction in interest rates, David Blanchflower, an external economist, was in a minority of one, urging the others in dramatic terms to follow the lead of the US Federal Reserve and reduce rates by a half percentage point.

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Tags: bank, business, interest, rates

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Bank of England minutes reveal call for half-point cut this month

Bank of England minutes reveal call for half-point cut this month

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