BoE holds rates, aids markets

The Bank of England voted on Thursday to keep the base rate at 5.75% after offering the previous day to inject extra funds into the money markets next week if liquidity problems persist.

The Bank said it was "too soon to tell how far the disruption in financial markets will impair the availability of credit to companies and households". But it added that a rate hike was not needed now to keep inflation close to the Bank's 2% target in the medium term.

"CPI inflation fell back to 1.9% in July a

To continue reading...