BoE voted 9-0 to keep rates on hold

The Bank of England’s monetary policy committee voted unanimously to keep interest rates on hold at 5.75% this month, minutes published today revealed.

The Bank of England's monetary policy committee voted 9-0 to keep interest rates on hold at 5.75% this month.

In the minutes of the August 1-2 rate-setting meeting, published this morning, MPC members agreed that it was too early to be confident of the effect of five rate hikes in the past year and emphasised that they had no firm view on whether rates would need to rise further'.

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