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.

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