Interest rates stay on hold but bank signals possible cut in August

The Bank of England held fire on delivering a post-Brexit vote boost for the economy as it kept interest rates on hold once more, but signalled that a cut may be on the cards next month.

Minutes of the highly-anticipated decision by the Monetary Policy Committee (MPC) showed members voted 8-1 to leave rates at 0.5%, where they have been since March 2009.