MPC voted 8 to 1 to keep UK rates on hold

Minutes of the Bank of England's last meeting of its interest rate setting MPC showed that the Committee saw growth slightly below trend in the short term. The Committee also felt exchange rate depreciation was likely to put upward pressure on inflation in the short term, the minutes reveal.

Source: Financial Times

The Bank of England's monetary policy committee voted by 8 to 1 to keep interest rates on hold at 3.75 per cent earlier this month, minutes of its meeting released on Wednesday showe