BoE Monetary Policy Committee votes to hold rates again
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The Bank of England’s Monetary Policy Committee (MPC) has today voted for no change to UK interest rates, to leave them unchanged again at 0.5 per cent.
Eight of the nine rate-setters on the committee voted to hold the record low of 0.5 per cent that has been in place since March 2009, with one voting for a rise.
Ian McCafferty, one of four external members of the MPC, has been voting for a rate rise for several months and had the same view at the latest meeting.
The decision comes shortly after weak industrial output figures were released.
Production fell 0.7 per cent in November from October - the sharpest fall since early 2013, according to figures from the Office for National Statistics.
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