Bank of England sticks to rate plan despite China turmoil

Developments in China were 'the main focus of the committee's decision' to leave interest rates unchanged, the Bank's minutes show

Bank of England policymakers have offered a reassuring verdict on the impact of China's market meltdown, insisting that while it would "add to the global headwinds" facing the UK, their plans to raise interest rates remained on track.

One member of the Bank's nine-member monetary policy committee, former CBI economist Ian McCafferty, voted for an immediate increase in borrowing costs from their record low of 0.5% at the meeting that concluded on Wednesday - the same voting pattern as in August.

Related: Bank of England votes 8-1 to leave UK interest rates unchanged - live updates