BoE not unanimous in debuting forward guidance, minutes show

The introduction of forward guidance by the Bank of England was not a unanimous decision, according to minutes of the central bank's August meeting. Martin Weale, part of the nine-member Monetary Policy Committee, was the lone dissenter to the strategy pushed by Governor Mark Carney. "It suggests to me that the eight is a fragile eight, and others were nervous but felt they had to go along with Carney," said Richard Barwell, an economist at Royal Bank of Scotland.

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