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Reuters highlights key points from the Bank of England (BOE) June monetary policy statement.

Haldane joins McCafferty and Saunders to dissent.

MPC members backing rate rise see upside risks to wages and unit labor costs.

Estimates Q2 to grow by 0.4%.

Household spending and sentiment have bounced back strongly.

Inflation expected to pick up slightly more than expected in near-term.

All members agree future rate increases are likely to be gradual, limited.

Any reduction in QE asset holdings will be conducted at a “gradual, predictable pace”.

All members more confident now that Q1 slowdown is temporary.

Ongoing policy tightening will be appropriate.

The majority saw value in seeing how data evolves from here.

BOE won’t consider reducing QE stock until rate hits 1.5%, previously at 2%.