MPC's Sentance again lone voter for rate hike

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 uncertaint...