This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-29234667
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Bank split 7-2 on interest rate rise | Bank split 7-2 on interest rate rise |
| (about 1 hour later) | |
| The Bank of England's Monetary Policy Committee (MPC) was divided for the second consecutive month over interest rate policy, latest minutes show. | 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. |
| "There seems to be very little in the short term that would necessitate an interest rate rise. It would be no surprise if a rate rise moves back to later in 2015," said Peter Hemington, a partner at BDO LLP. | |
| "But there is an aura of uncertainty around interest rates at the moment. The views of economists as to when a rate rise will occur vary enormously and this is reflected in [the MPC's] 7-2 split." |