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Weekly Market Update 20-04-2011       started by HiFX on 20 Apr 2011   (23516)
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From HiFX

20 Apr 2011 11:21 PM
The Bank of England Minutes were released this morning showing that the vote for an interest rate hike were split with Spencer Dale and Martin Weale voting for 25bps increase and Andrew Sentance voting for a 50bps increase. Everyone else voted against a hike. Members in the no-policy change camp said they saw no evidence of inflation influencing pay deals or price setting. The fact that the 6-2-1 split remains shows chances for a rate hike soon to be less likely. Had one more member shown favour for a rate hike the