Meeting dampens hopes of UK interest rate cut

Hopes of another interest rate cut next month were dampened today after Bank of England minutes showed inflation fears at the top of the agenda.

Meeting dampens hopes of UK interest rate cut
Wed, 19 Mar, 2008 - 10:13

Hopes of another interest rate cut next month were dampened today after Bank of England minutes showed inflation fears at the top of the agenda.

Policymakers on the Bank’s Monetary Policy Committee (MPC) voted 7-2 in favour of keeping rates on hold at 5.25% in March, records of their meeting two weeks ago revealed.

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