The Bank of England has held interest rates at their record low amid signs of an internal split emerging about how to tackle rising inflation. Other members also indicated that they could join her at future meetings if they felt inflation was rising too quickly. Bank of England votes 8-1 to leave interest rates on hold - business live Read moreThe decision to hold rates in the UK comes a day after the US central bank, the Federal Reserve, raised interest rates to 1% and indicated that further increases this year were likely to keep rising inflation in check. “We maintain the view that the Bank of England is highly likely to sit tight on interest rates through 2017 and 2018 – and very possibly beyond,” he said. “While we believe the next move in interest rates will be up, we do not see this happening before 2019 and it could well be delayed further by prolonged economic and political uncertainties.

Source: The Guardian March 16, 2017 12:11 UTC