Quarter point rate rise expected - papers 5th August

The Scotsman says all nine members of its ‘shadow monetary policy committee’ have all refuted the likelihood of a 0.5% rise in rates this month, arguing a quarter percentage basis point increase followed by another in September is more likely. Douglas McWilliams was quoted by the Scotsman as saying there was a "one in five chance" of a 50 percentage basis point increase, and Tom Vosa added a 0.25% hike was "pretty much baked in the cake." He said: "The risk the markets will be looking for is if in the subsequent minutes [of the MPC meeting] its suggests back-to-back quarter point ris...