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BULLET: BOE Minutes: MPC Voted 7-2 To Keep Bank Rate.........>

BOE Minutes: MPC Voted 7-2 To Keep Bank Rate Unchanged 
-BOE MPC: McCafferty, Saunders Voted to Hike Bank Rate By 25bp
-BOE MPC: MPC Vote 9-0 To Keep Stock Of Gilts, Corporate Bonds Unchanged
-BOE MPC: Few Data Surprises Since Feb; Data Broadly "On Track"
-ALL MPC: Confident Wages, Unit Labour Costs Will Pick Up To Trgt Levels     
-BOE MPC: Slack Absorbtion Reduces Tolerance For Above Target Inflation 
The MPC voted 7-2 to keep Bank Rate unchanged at 0.5% at its March 
meeting but was unanimous in keeping the stock of total asset purchases 
at stg445bn. McCafferty and Saunders voted for an immediate 25bp rate 
hike, citing diminshed slack and a pay growth pick up. Though the MPC 
did not make reference to the yield curve it did highlight that data 
since the Feb had appeared "broadly on track", and specifically that 
they had "increased confidence" wages and ULCs, sources of domestically 
generated inflation, would pick up to target-consistent rates.       

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