BOE Holds Rates Steady, Sees GDP Rising

The video discusses the Bank of England's decision to maintain interest rates at 0.25% and keep the asset purchase program at £435 billion. It highlights the 2017 high of Sterling and its subsequent retreat. The Bank raised its GDP forecast for 2017 to 2% and for 2018 to 1.6%. Inflation is a key concern, with a forecast of 2.4% over a three-year policy horizon. The Monetary Policy Committee members express increased concern about inflation, and the cable rate sees a slight increase.

What concern did some members of the Monetary Policy Committee signal?

What was the change in the cable rate mentioned in the text?