Monetary policy committee voted 7 2 to hold interest rates

Minutes show majority of Bank of England group said due to wage stagnation there was little pressure on prices

Two members of the Bank of England’s interest rate setting committee maintained a hawkish stance on interest rates this month and voted for a second time to raise rates.

The nine-strong monetary policy committee (MPC), which meets every month to set the central bank’s base rates, voted at their September gathering to maintain the lowest rates in British history at 0.5%, according to minutes of the gathering.

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