Bank fuels rate rise speculation

Press Association
Bank of England
Bank of England

The Bank of England believes unemployment is falling and the economy growing faster than previously expected - fuelling speculation that it may lift interest rates sooner than it had indicated.

Minutes of the latest meeting of the Bank's Monetary Policy Committee (MPC) said joblessness in the second half of the year looked set to be lower than was thought at the time it published its forward guidance policy on rates.