The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep interest rates on hold this month.
Minutes from the meeting, published today, show all nine members supported keeping base rates at 0.5% and freezing quantitative easing at £200bn. MPC members were concerned pumping more money into the economy could lead to an asset bubble. The Bank of England has frozen its quantitative easing programme for now, but says it could restart it if economic conditions do not improve significantly.
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