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BoE MPC minutes out this afternoon

In the MPC minutes out this afternoon, it is unlikely anyone on the MPC would have chosen this meeting to vote for a hike. Recall the meeting took place amid considerable uncertainty in Europe in the week just after the Greek's 'No' vote in the referendum, and prior to the tentative agreement for a third bailout. Importantly though, a 9-0 vote this month could give way to a 6-3 vote in August, as more recent comments from MPC officials (including Carney) suggest domestic improvements (esp wage growth) are the main focus, and Greece has done little to distract from that.

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