Jeremy Cook, chief economist at World First
Media playback is unsupported on your device

Bank of England 'split over interest rates'

Another Bank of England policymaker has voted for an interest rate rise - suggesting rates could be raised sooner rather than later.

Spencer Dale has joined Andrew Sentance and Martin Weale in backing a rise, minutes of February's Monetary Policy Committee (MPC) meeting show.

The remaining six MPC members voted to keep rates at historic 0.5% lows.

Jeremy Cook is the chief economist at foreign exchange broker World First.

  • 23 Feb 2011