Bank of England holds rates steady

The Bank of England's Monetary Policy Committee voted on Thursday 8 January to maintain the Bank's repo rate at 3.75%.p>

The announcement that it was holding interest rates unchanged had been widely predicted by analysts in the light of uncertainties such as a soaring pound and a new official inflation target.

The decision, taken at the monthly meeting of the central bank's monetary policy committee (MPC), came two months after the central bank increased rates by 0.25 percentage points, the fi