Policymakers vote 8-1 against back-to-back cuts in borrowing costs after inflation stayed above Bank targetThe Bank of England has kept interest rates unchanged at 5% as it put its efforts to ease the pressure on household budgets on hold.The Bank’s monetary policy committee (MPC) voted by a majority of eight to one against launching a back-to-back reduction in borrowing costs amid concerns over lingering inflationary pressures. Continue reading...