Sterling boost as Bank of England votes to hold interest rates at 0.75%

7-2 decision

The Bank of England's Monetary Policy Committee (MPC) has voted by a majority of 7 votes to 2 to hold UK interest rates at 0.75%.

In his final MPC meeting as the governor of the Bank of England, Mark Carney, along with six other members of the committee voted to hold interest rates at their current level, with Jonathan Haskel and Michael Saunders as the only dissenters, preferring a 25 basis point cut. UK economy sees worst growth since 2012 The committee voted unanimously to maintain the bank's quantitative easing policy at £435bn, and also to maintain the corporate bond purchase scheme at £10bn. Sterling responded positively to the news, rising by more than 0.6% against the dollar to a peak of just over $1....