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| Bank split 7-2 on interest rate rise | Bank split 7-2 on interest rate rise |
| (33 minutes later) | |
| The Bank of England's Monetary Policy Committee (MPC) was divided for the second consecutive month over interest rate policy, latest minutes show. | |
| At the meeting on 3-4 September, Ian McCafferty and Martin Weale voted to raise rates to 0.75% from 0.5%, as they had in August. | At the meeting on 3-4 September, Ian McCafferty and Martin Weale voted to raise rates to 0.75% from 0.5%, as they had in August. |
| It means the nine-member MPC voted 7-2 to hold interest rates at their historic low of 0.5%. | It means the nine-member MPC voted 7-2 to hold interest rates at their historic low of 0.5%. |
| Interest rates have been unchanged since March 2009. | Interest rates have been unchanged since March 2009. |
| Before last month's meeting, there had not been a split on the MPC since July 2011. | Before last month's meeting, there had not been a split on the MPC since July 2011. |