Prior 5.00%Bank rate vote 8-0-1 vs 7-0-2 expected (only Dhingra dissented, wanting to cut by 25 bps)Need to be careful not to cut rates too fast or by too muchMost MPC members think in the absence of material developments, a gradual approach to removing policy restraint would be warrantedLabour market continued to loosen but that it remained tight by historical standardsBut data quality issues continued to be an area of concern i.e. LFS"Range of views" on inflation persistence among those who voted to keep rates unchangedDespite that, the current policy stance was judged to be appropriateMonetary policy will need to continue to remain restrictive for sufficiently longTo monitor closely the r
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