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So why the demand for higher rates?
One member voted for higher rates; another for a reduction.
She claimed that £2m – the threshold for higher rates – in London could only buy a garage.
He adds that some current accounts are worth considering for higher rates.
Expectations for higher rates are reflected in interest-rate futures contracts.
The justification for higher rates should be a real economy moving at an unsustainable pelt.
That has led the two economists to renew their calls for higher rates on the rich.
Miles has often been characterised as a dove for not voting for higher rates nor expressing concern over loose policy.
In her two decades of votes as a senior Fed official, she has voted for higher rates plenty of times.
When macro-prudential tools were used aggressively, there was no need for higher rates to curb excessive bank lending.
Mr Greenspan's notion of providing insurance against inflation, it seems, would call for higher rates.
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