The Bank of England’s Monetary Policy Committee unanimously supported maintaining the current benchmark lending rate of 0.5 percent. The MPC also voted to keep the quantitative easing program capped at £200 billion (US$307.2 billion).
Of note however, the minutes of the meeting did suggest a growing concern over the level of inflation creeping into the British economy:
“There was a range of views among Committee members about how the balance of risks to inflation and activity had altered over the past few months.â€
Source: London Times
