Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice
The Bank of England has held the interest rate at 3.75 per cent in its first vote of the year, after the rate was cut six times in 18 months.
Although the result was expected, the nine-person Monetary Policy Committee (MPC) vote turned out to be much closer than anticipated, with a 5-4 result paving the way for cuts if the future economic outlook is positive.
Minutes from the MPC meeting suggested that inflation, wage growth and unemployment were the driving factors in making the decision.
And
Continue Reading on The Independent
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.