Call was unanimous to leave rates unchanged

Members of the Bank of
England’s

Monetary
Policy Committee
– the people responsible for making interest rate decisions
– voted unanimously to hold UK interest rates at 5.75% earlier this month,
minutes from the most recent MPC meeting have shown.

The minutes showed that MPC members had ‘no firm view’ on whether rates would
need to rise further to cool inflation.

In the past 12 months, rates have gone up five times – most analysts expect
them to rise yet again this year to 6%.

Further reading:

Sixth rate rise due by Autumn

Interest rates only ‘paused’

IVA figures drop but bankruptcies leap

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