The Bank of England is moving closer to a rate rise after some members of the interest-rate setting Monetary Policy Committee indicated that they stand ready to vote for an earlier-than-expected increase.
The bank, which has kept interest rates at the historically low rate of 0.5 per cent since 2009, would be the first leading central bank to increase rates since the European Central Bank tightened its monetary policy in the summer of 2011.
The US Federal Reserve is debating yet another addition to its forward guidance after yesterday releasing minutes from its Open Market Committee.
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