Interest rates push - papers 24 February

Minutes from the MPC’s last meeting show one member pushed for a 25 points increase to a new base rate of 5%, the first time the vote has been split since April last year. Additionally, the minutes show some other members believe rates should rise if the Bank of England’s inflation forecasts are accurate, the paper says. The Scotsman writes the split vote is seen by economists as firm evidence rates will increase. Howard Archer, Global Insight economist, and Ross Walker, UK economist at the Royal Bank of Scotland both point out the vote seems to prepare the ground for an announce...