Interest rate capers - papers 23 June

Minutes published yesterday show that two members of the UK’s Monetary Policy Committee voted in favour of a rate cut at the last meeting, while Sweden’s central bank cut its rate by 0.5% two days ago – a move that took markets by surprise, the FT says. ”The change in sentiment matches a similar shift in the eurozone where the European Central Bank has softened its stance since the beginning of the month in the face of a slowing economy,” the paper writes. The Times says the about turn signalled in the MPC’s minutes published yesterday means UK rates could turn as soon as next month....