BOEFor the 67th consecutive month, the Bank of England’s Monetary Policy Committee has voted to hold base rate at a record-low of 0.5 per cent.

They also voted to keep its programme of quantitative easing at £375bn

Minutes from September’s Monetary Policy Committee meeting showed Ian McCafferty and Martin Weale remained the only two members of the nine-strong committee to vote for an increase to base rate last month, something that they also voted for in August.

The Monetary Policy Committee cut base rates to 0.5 per cent on the 5th March 2009.

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