A member of the Bank of England's Monetary Policy Committee (MPC) has voted again for a rise in interest rates. Minutes from the MPC's August meeting show Andrew Sentance voted to raise the Bank rate to 0.75% from the record low of 0.5%, citing high inflation. It is the third month in a row that Mr Sentance has called for a rate rise. The other MPC members at the meeting all voted for rates to be held at 0.5% for the 17th month in a row.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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