MPC voted unanimously to hold UK rates

UK - The Bank of England's Monetary Policy Committee discussed the case for a cut in interest rates at its August meeting, according to the minutes of its meeting published on Wednesday.

Committee members highlighted further falls in share prices around the world and increasing concern about the impact on investment and consumption. But the meeting ended with a unanimous vote to keep interest rates unchanged at the Bank's benchmark rate of 4 per cent, after the committee considered the recent