Bank of England's MPC voted 9-0 to hold rates

Minutes from the Bank of England's 5 and 6 October meeting, released 19 October, showed that all nine members of the Monetary Policy Committee voted to keep interest rates at 4.5 percent this month, not even discussing arguments for a cut.

The minutes said that on balance the short-term prospects for growth and prices were little changed from the Bank's August Inflation Report, although some MPC members judged the downside risks to demand had increased.

``The cumulative increase in the oil pric

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