'Carney might regret not raising rates': Reaction as BoE holds at 0.25%

During yesterday's Monetary Policy Committee meeting, the MPC said five members voted for rates to be held but three hawks voted for a hike to 0.5%, namely Kristin Forbes, Ian McCafferty and Michael Saunders. In last month's meeting only Forbes voted for a hike. Rates have now been held at 0.25% since last August, when they were reduced by 25bps amid market volatility after the Brexit vote. Quantitative easing was also unanimously kept unchanged at £435bn and corporate bond purchases remained at £10bn. Bank of England governor Mark Carney (pictured) said: "Five members thought the ...