Bank of England leaves UK interest rates on hold at 0.25%

Monetary policy committee votes to keep rates unchanged, but warns of likely slowdown in growth next year

The Bank of England has left interest rates at their record low of 0.25% but repeated a warning that higher inflation and slower wage growth risk squeezing household budgets and spending next year.

The Bank's nine-strong monetary policy committee voted unanimously to keep rates on hold and maintain the current programme of electronic money printing known as quantitative easing. Policymakers had cut rates and expanded QE back in August to shore up confidence in the wake of June's vote to leave the EU.

Related: Bank of England leaves UK interest rates at record lows - business live