The Monetary Policy Committee of the Bank of England revealed concern about economic growth in the U.K., according to minutes of its May meeting. The minutes also showed a "range of views" about the risk of increased inflation. "The minutes do suggest that some members are getting ready to get off the fence," said Ross Walker, a Royal Bank of Scotland economist. "Positions are increasingly polarized, and there is a growing acceptance that uncertainty about the outlook will be resolved in the coming months one way or the other."

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