Monetary Policy Committee inflation hawk Andrew Sentance has once again voted for a rise in UK interest rates.
The MPC's July meeting minutes revealed Sentence voted to lift the Bank rate to 0.75% from the current record low of 0.5%, citing stubborn inflationary pressures in the economy.
It is the second month in a row Sentence has called for a rate rise. All other MPC members at the meeting voted for rates to be held at 0.5% for the 16th consecutive month.
Despite June consumer price inflation figures, which at 3.2% remain above the Bank's target rate of 2%, the majority of Committee members expect the slow pace of economic growth to hold back prices.
Elsewhere, the minutes note uncertainty over the tax and spending plans in the run up to the Government's emergency Budget may have had an impact on business confidence.
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