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Bank minutes suggest MPC in hawkish mood

Fading hopes of an early cut in benchmark UK interest rates were dealt another blow yesterday when publication of minutes of the Bank of England Monetary Policy Committee's May 7 and 8 meeting signalled some of its nine members are in hawkish mood.

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IAN McCONNELL, Business Editor

Fading hopes of an early cut in benchmark UK interest rates were dealt another blow yesterday when publication of minutes of the Bank of England Monetary Policy Committee's May 7 and 8 meeting signalled some of its nine members are in hawkish mood.