MPC voted 9-0 to maintain rates

Nobody argued for an increase, as data relied on for the voting decision pointed to a short-term weakening in output in the UK, coupled with a softening housing market. However, the minutes also reveal the Bank of England is also concerned about signs of inflation ahead. A pound weakening on the back of falling market interest rates coupled with improving equities prices could point to higher inflation ahead, the minutes conclude. IFAonline