MPC maintains base rate at 5.75%

After raising rates by a quarter-point last month, the fifth rise in just under a year, policymakers had been concerned the Monetary Policy Committee (MPC) would keep on voting it up. However, some experts still fear the MPC will increase the base rate to 6% before the end of the year. The Committee voted 6-3 to raise rates last month. Despite falling back to 2.4% last month, inflation still remains well above the government's 2% target. Retail groups have urged the Bank to keep rates at a steady level following the recent spate of rises. “There is simply no case for another increase in...