Bank of England voted 8-1 to hold rates

Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released Wednesday showed.

It was the fourth month in a row that Nickell, whose term on the MPC is due to end on 31 May, called for interest rates to be cut.

He argued that the recent rise in unemployment and the five consecutive quarters of below trend

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