Bank votes unanimously to hold rates

bank-of-england

All nine members of the Bank of England's Monetary Policy Committee (MPC) voted to keep interest rates on hold after two dissenters dropped their call to hike rates, minutes published on Wednesday show.

Minutes from the August 3 and 4 meeting show that Spencer Dale, the Bank's chief economist, and Martin Weale, an external MPC member, voted to keep interest rates on hold at 0.5% at the last meeting, after voting to raise rates at the last six MPC meetings.

The change in stance reflects the slowd

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