Refused to confirm next rate move will be upward
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