"While it appears that the voting pattern of the MPC is set to split again soon, it could still be some time before there is a majority vote in favour of a rate hike," Jane Foley, a senior currency strategist at Rabobank said in a note on Wednesday.
"Nevertheless, the strength of the recently released wage data combined with recent hawkish remarks from Forbes and now Weale has reignited market speculation that the MPC could be willing to hike interest rates by the end of this year," she said.
The rate hike speculation is being felt in markets, helping push sterling to a seven-year high against a trade-weighted basket of currencies this week.
Walk the walk
Still, analysts do not expect the BoE to make a move before the U.S. Federal Reserve, which is widely tipped to deliver its first rate hike in nine years in September as the U.S. economy rebounds.
"I think they (BoE policy makers) want to see the Fed move first and assess what impact that has on markets," said Panmure's French.
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The BoE, like the Fed, has kept rates at record lows since the global financial crisis to support growth.
"I expect Britain to raise rates in February after the Fed," Berenberg Bank's Chief Economist, Holger Schmieding, told CNBC on Wednesday. "Britain is closer to the euro zone, so it probably watches it a bit more closely than the Fed does. There is some fear of contagion here so (BOE chief) Mark Carney will want to play it safe and wait a bit longer than the Fed before he starts."
Schmieding was referring to the crisis in Greece, which is expected to default on its debt if it cannot secure further funding from its creditors with ramifications for investor confidence and the economic outlook across Europe.