MPC voted 8-1 to hold interest rates

This was the fifth consecutive month the MPC has chosen to keep interest rates at 4.5% and was prompted by the belief that while consumer price index inflation had returned to target levels and inflation expectations appeared to be “well anchored” in the short term, at least, infationary risks from higher oil and gas prices remained. The MPC says there is also still some uncertainty surrounding import prices as well as the exchange rate which it says were also important influences on the outlook for inflation. If you have any comments you would like to add to this story or would like to ...