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MPC remains split on interest rate
Bank of England policymakers voted six to three in favour of keeping rates on hold at a record low of 0.5 per cent this month, according to minutes of April’s Monetary Policy Committee (MPC).
It is the third month in a row that three members voted for a rise.
The MPC said the inflation outlook had not changed enough to change their view.
Since then the consumer prices index (CPI) inflation fell in the month to four per cent, from 4.4 per cent in February.
Bank chief economist Mr Dale and external MPC member Martin Weale both again voted for a rise in rates to 0.75 per cent.
Andrew Sentance maintained his call for an increase to one per cent.
Adam Posen once again called for an additional £50bn of quantitative easing.