• 9-0 to keep interest rates on hold as prev
  • 8-1 for fwd guidance framework ( Weale the dissident)

Full minutes here

Headlines to follow here

  • Martin Weale votes against the framework for forward guidance framework as set out by governor Carney
  • Weale wanted shorter term horizon for 2.5% inflation knockout
  • still some split between hawks and doves
  • doves saying there is still a need for further stimulus but will see what impact fwd guidance has
  • most members say short-term interest rates out of line with economic outlook

Generally more hawkish than dovish but GBP better bid more on the better jobs data