Bank of England Super Thursday: Which monetary policy committee member could vote for an interest rate rise?
Economists, analysts and investors think the minutes of the Bank of England's monetary policy committee (MPC) meeting due out at midday could show the first minority dissent among the Bank's policymakers so far this year. But which members of the nine-strong MPC who could be itching to pull the trigger and hike rates?
Martin Weale
External MPC member Weale was one of the two members who voted for a rate rise between August and September last year, before reversing his call in January due to low inflation. He's said that a tightening labour market means rate-setters should be ready to hike borrowing costs as early as August.
Ian McCafferty
The other dissenting hawk was external MPC member Ian McCafferty who also reversed his call for a rate rise at the beginning of the year due to falling inflation. But he's also concerned rising wages and falling unemployment mean the labour market is tightening, strengthening the case to raise borrowing costs.
David Miles
Typically dovish Miles is unique in the Old Lady's history in never voting for a rate rise since joining the MPC back in 2009. However, this could change today, as Miles recently told the Treasury Select Committee that "the first rise in interest rates … clearly is coming and is not a bad thing".
Kristin Forbes
Exernal MPC member Forbes recently signaled momentum for an interest rate rise is building. "The next move in interest rates is going to be up and it's coming at some point in the not-too-distant future," she said after official data showed wages grew at the fastest rate in nearly four years in the three months to April.