The Bank of England governor Mark Carney was one of the seven MPC members who voted to hold rates. Ian McCafferty and Michael Saunders again voted for a quarter-point rise ADRIAN DENNIS/AFPBorrowers have been given a stay of execution after the Bank of England put off raising interest rates today but signalled that policy was still on course to tighten in the months ahead. A quarter-point increase had been expected until three weeks ago, when the governor suggested that slow growth caused by bad weather could delay the move. Seven monetary policy committee members voted to hold rates at 0.5 per cent at the May meeting, while two wanted an immediate quarter-point rise. Minutes to Wednesday’s meeting showed that the intention remained to raise rates soon but that policymakers wanted to be sure that the slowdown in the first three months of the…

Source: The Times May 10, 2018 11:15 UTC