Rachel Lomax, the Bank of England's deputy governor for monetary policy, cast further doubt over the likelihood of another interest-rate rise by voting against this month's rise from 4.75% to 5%, reports the Times .
Minutes of the Monetary Policy Committee’s (MPC) two-day meeting on November 8-9 reveal Lomax’s main worry was the risk weakness in the American economy could trigger weaker demand in Britain. Up until now Lomax had voted with Mervyn King, the Governor, at every MPC meeting since her first meeting more than three years ago. Her surprise vote against the rate rise may, therefore, reflect wider doubts in the committee, says the paper. A CURRENT boom in the market for rented properties will fuel the buy-to-let market for a decade, the Guardian reports the third largest buy-to-let lender a...
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