Bank chiefs unanimous on rate freeze

UK - Bank of England gurus in charge of setting interest rates voted unanimously in favour of a rate freeze this month.

All nine members of the Bank's monetary policy committee (MPC) voted in favour of keeping the base rate at 4.0%, minutes of their January meeting have revealed.

Speculation had grown in the run up to the meeting that some committee members might urge a rate rise to stop consumer spending getting out of control.

But on Wednesday the CBI called for another quarter-point cut in ra

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