Third consecutive month of increases
Bank votes unanimously to hold rates
Andrew Bailey to take over in July
Set to take over from Tracey McDermott in July
A controversial decision by the Financial Conduct Authority (FCA) to drop its investigation into the culture at the UK's biggest banks was overseen by a Bank of England (BoE) official, according to reports.
Royal Bank of Scotland (RBS) and Standard Chartered were the weakest of Britain's seven largest lenders in a Bank of England stress test.
McCafferty remains only member to vote for a hike
Governor of the Bank of England Mark Carney has warned British mortgage borrowers to prepare for higher interest rates - but to hopeful savers he said a rise is not guaranteed.