Bank of England Governor Mervyn King and three other policymakers opposed this month's decision to hold interest rates at 5.5 percent and called for an immediate hike, boosting expectations borrowing costs would rise next month.
King, Deputy Governor John Gieve, Tim Besley and Andrew Sentance were outgunned by the remaining five members including Rachel Lomax, the other deputy governor, and Charles Bean the chief economist, minutes of the June 6-7 meeting showed on Wednesday.
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King, Deputy Governor John Gieve, Tim Besley and Andrew Sentance were outgunned by the remaining five members including Rachel Lomax, the other deputy governor, and Charles Bean the chief economist, minutes of the June 6-7 meeting showed on Wednesday.
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