Apr 23: Bank of England rate cut decision was three-way split

Name: Apr 23: Bank of England rate cut decision was three-way split
Uploaded: 2008-04-23T11:45:10.000Z
Duration: PTNaNMNaNS
Channel: Financial Times
Description: Discord on the MPC suprises analysts and boosts the pound

The Bank of England's recent cut in interest rates came only after a three-way split amongst the members of its Monetary Policy Committee, minutes released on Wednesday reveal. Economics reporter Delphine Strauss explores why the MPC was split, what that means for the rate at which future cuts are made and why the MPC is currently "walking a tightrope".

April 23, 2008