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MPC vote lifts expectations of early rate cut

An April cut in UK interest rates looked increasingly likely yesterday, although still far from certain, after Monetary Policy Committee minutes highlighted worries about credit market turmoil and revealed two members pushed unsuccessfully for an immediate reduction this month.

An April cut in UK interest rates looked increasingly likely yesterday, although still far from certain, after Monetary Policy Committee minutes highlighted worries about credit market turmoil and revealed two members pushed unsuccessfully for an immediate reduction this month.