3 Members of the MPC Vote for Interest Rate Rise

UK interest rates remain at 0.25%, however 3 of the 8 members of the Monetary Policy Committee voted for the rates to be increased due to inflation being at a 4 year high of 2.9%.

Ian McCafferty, Michael Saunders and Kristin Forbes all backed a rate rise with inflation much higher than the MPC target of 2%.

GBP strengthened against the Euro and the Dollar off the back of the news, with UK interest rate rises expected in the near future.

Calthan offers a full review of how interest rate rises could affect your business:

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#Inflation #Finance #InterestRates #MonetaryPolicyCommittee #GBP

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