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Transcripts For BBCNEWS The 20240705

they want to raise rates, keep them on hold or cut them. just explain that shift because it gives a sense of what could happen next.- that shift because it gives a sense of what could happen next. there are nine oli of what could happen next. there are nine policy members of what could happen next. there are nine policy members on of what could happen next. there are nine policy members on the - of what could happen next. there are l nine policy members on the committee and they all get a chance to decide whether they want rates to go up, down or stay the same. in the previous meeting in december, three of the nine wanted rates to go up, six would like to hold. to date you wanted to go up, one wanted to go down and six wanted to hold. this was a surprise to markets. markets basically expected a nod and wink from the bank of england to say that rates are properly going to come down this year. so the fact that one member has said we need to lower rents today provides a much

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