THE Bank of The Bank's
However, some BoE policymakers are expected to begin casting votes in the coming months for a first rate hike since 2007 with the BoE broadly expected to raise rates either at the end of this year or in early 2015.
There was little market reaction to the latest decision but
"August will herald the publication of the BoE's Quarterly Inflation Report and an updated set of forecasts, which might well act as a catalyst for the more hawkish members of the committee to contemplate voting for a tightening."
Separately, BoE deputy governor
He said: "This is a considerable dent to rebuilding bank capital."
He said: "We have to read the direction of travel of other law enforcement authorities, particularly in the US."
In its annual performance account, published yesterday along with its annual report, the FCA said it is expecting to receive a rising number of requests for help from its overseas peers as part of "unprecedented" global cooperation in the investigation into the foreign exchange market. It has received 52 requests already in this financial year.
THE Bank of