BOE MPC Vote 7-2 To Keep Bank Rate..........>

UK DATA: BOE MPC Vote 7-2 To Keep Bank Rate Unchanged   

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

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

-BOE Majority: Some Tightening Appropriate Over Coming Months

-BOE: Policy May Need To Be Tightened More Than Assumed By Yield Curve

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The Bank of England Monetary Policy Committee voted 7-2, 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 the majority of 

MPC members felt some withdrawal of stimulus would be appropriate in the 

"coming months" if the economy followed a path consistent with the 

continued erosion of slack and a gradual rise in underlying inflationary 

pressure. IAlongsie this, the MPC also restated that policy may need to 

be tightened more than the current market yield curve was assuming.