Bank of England voted 7-0 to hold rates

Minutes from the Bank of England's 5 and 6 July Monetary Policy Committee meeting, published Wednesday 19 July, showed policy makers voted unanimously to keep the benchmark interest rate at 4.5 percent this month.

There are ``significant risks in both directions'' to inflation, the minutes said. Record oil prices have pushed inflation above the bank's 2 percent target for the past two months, although pay growth ``remains subdued.''

``Given that recent developments were broadly in line with the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.