MPC maintains Bank Rate division

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The Bank of England’s Monetary Policy Committee (MPC) continued to be split 6-3 over the Bank Rate decision.

Minutes of the last meeting a fortnight ago, published today, show the Bank’s policymakers are still divided on which way they think inflation is heading.

Chris Williamson, chief economist at Markit, said: “The minutes of the latest meeting highlight how weakness of the household sector is a growing threat to the recovery