Bank of England voted 7-1 to hold rates

Minutes released on Wednesday 19 April showed that the Bank of England's Monetary Policy Committee voted 7 to 1 at its meeting on April 6 to keep interest rates unchanged at 4.5 per cent.

Stephen Nickell was the only member of the MPC to favour a reduction in rates. The committee was down to 8 members after the departure to the CBI of Richard Lambert.

``For most committee members the data suggested that recent output growth had continued to grow at or around trend, although for some there remai

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