Bank of England Monetary Policy Committee voted 8-1 to keep its benchmark interest rate at 5% in May
May 21st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Bank of England Monetary Policy Committee (MPC) voted 8-1 to keep its benchmark interest rate at 5 percent this month as the majority of policy makers feared that a fourth cut since December would send the wrong signal at a time of rising inflation expectations.