Bank had considered UK rate rise

UK - The Bank of England had been considering raising interest rates this month, minutes of a key meeting have revealed.

On Tuesday 18 September, the Bank cut interest rates by 0.25 percentage points to 4.75%, following the lead of other central banks around the world, to boost confidence in the global economy.

But just two weeks before, when a meeting of the Bank's Monetary Policy Committee (MPC) decided to leave interest rates unchanged, only one committee member voted for a cut, minutes of