Bank of England hawks to vote for interest rate hike on Super Thursday

Kasmira Jefford
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Mark Carney has said that a rate hike decision is likely to come into focus early next year (Source: Getty)
The Bank of England will for the first time release a string of reports alongside its monthly monetary policy decision this week. And at least two hawks are expected to break rank and vote in favour of an interest rate hike.

The so-called Super Thursday meeting will see the central bank publish its monthly decision on interest rates, the minutes from the debate and the quarterly Inflation Report at the same time.

The minutes, which provide a breakdown of how the nine-strong monetary policy committee voted along with a summary of their debate, are usually published two weeks after the rate decision.

The Bank’s policymakers are expected to keep rates on hold at 0.5 per cent. However, analysts expect a split for the first time this year, with two or three, including Martin Weale and Ian McCafferty, predicted to vote for a rate rise.

Governor Mark Carney has made more hawkish noises of late.

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