The Bank of England's monetary policy committee (MPC) voted unanimously to hold interest rates at 0.5%, minutes from the January meeting showed today.
In addition, the committee decided not to raise the £200bn quantitative easing programme. The nine members of the MPC said that although signals were mixed, the economy was showing signs of weak growth on the back of the stimulus package and the weakened sterling. They expressed caution however that inflation would again drop below its 2% target after a short term spike.
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