BOE MPC Vote 6-2 For Unchanged Bank Rate;...>

UK DATA: BOE MPC Vote 6-2 For Unchanged Bank Rate;   

-BOE: MPC Vote 8-0 To Keep Corporate Bond, Gilt Stocks Unchanged

-BOE: McCafferty, Saunders Vote for 25bp Rate Hike As In June Meeting

-BOE: Policy Could Be Tightened More Than Implied By Yield Curve 

-BOE MPC: Vote 8-0 To Close TFS On Feb 28 2018, As Previously Arranged 

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The Bank of England Monetary Policy Committee voted 6-2, as 

expected, to keep the Bank Rate unchanged at 0.25% with Ian McCafferty 

and Michael Saunders again the only members who felt an immediate 25bps 

rise appropriate. The minutes did state, however, that tightening 

was required to bring inflation back to 2% and that if activity followed 

a path consistent with its August projections then policy could be 

tightened "by a somewhat greater extent over the f'cast period than the 

path implied by the yield curve underlying the August projections". 

Inflation was f'cast to remain c. 2.75% this year, peaking at 3% in Oct.