MPC

What made financial headlines over the weekend?

Held rates at 0.25%

Up 1.2% against the US dollar

Bank votes unanimously to hold rates

The Bank of England Monetary Policy Committee (MPC) has voted 8-1 to hold rates at 0.5%, predicting that inflation would stay below 1% until the second half of next year.

McCafferty remains only member to vote for a hike

UK interest rates could need to be cut further to support growth and return inflation to target, the Bank of England's chief economist has said.

The UK's economic recovery could be undermined if interest rates are kept at record lows for too long, Bank of England policymaker Kristin Forbes has warned.

Analysts have pushed back their interest rate rise expectations after only one member of the Bank of England's Monetary Policy Committee (MPC) voted for an increase this month.

Hawkish members of the Bank of England's Monetary Policy Committee (MPC) keen to begin edging up interest rates were cowed by the recent turmoil in Greece, its latest meeting minutes reveal.