Bank of England keeps UK interest rates on hold as it warns on inflation

Monetary policy committee is split 8-1 as members decide base rate of 0.25% is appropriate for post-referendum economy

The Bank of England has held interest rates at their record low amid signs of an internal split emerging about how to tackle rising inflation.

The Bank's monetary policy committee was divided on the rates decision, with Kristin Forbes voting to raise borrowing costs immediately. Other members also indicated that they could join her at future meetings if they felt inflation was rising too quickly.

Related: Bank of England votes 8-1 to leave interest rates on hold - business live