Bank of England keeps interest rates on hold despite weak economy
by Richard Partington Economics correspondent from Economics | The Guardian on (#4WSMF)
Two members of monetary policy committee vote for cut from 0.75% to 0.5%
The Bank of England warned of mounting weakness in the British economy as it kept interest rates on hold despite two members of its rate-setting panel once again voting for an immediate cut.
Sounding the alarm that economic growth would come close to flatlining in the final three months of the year, the Bank's monetary policy committee (MPC) voted 7-2 to keep the official interest rate on hold at 0.75%.
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