< html > The Associated Press
Bolivar Commercial
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Feb 18, 6:20 AM EST

Bank of England unanimous on keeping interest rates low

Business Video

Latest Business News
Lawmakers may end tax break on jet fuel, to Delta's dismay

Berkshire Hathaway's 4Q profit declines 17 percent

Yellen meets with conservative groups unhappy with Fed

5 reasons US economy is stronger than Q4 GDP suggests

How the Dow Jones industrial average fared on Friday

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Puerto Rico power company delays debt restructuring plan

5 reasons US economy is stronger than Q4 GDP suggests

US economic growth in Q4 revised down to 2.2 percent

India sees growth over 8 percent, set for 'big bang' reforms

Japan data signal slow recovery despite lower energy costs

German consumers most confident since dot-com boom

France avoids EU penalties over budget deficits

Spanish premier trumpets economy, upgrades growth forecast

White House: Higher wages needed to make up for stagnation

Bank of England unanimous on keeping interest rates low

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- Bank of England policymakers voted unanimously this month to keep interest rates at record lows and to refrain from pumping more money into the British economy, according to minutes of the bank's last meeting released Wednesday.

Minutes of the Feb. 4-5 gathering of the bank's Monetary Policy Committee show that with inflation at record lows, there is little impetus to increase rates from 0.5 percent. Inflation now stands at 0.3 percent, held down by low oil prices and supermarket price wars.

Capital Economics economist Vicky Redwood said the nine policymakers are more divided about their next move on interest rates than the unanimous vote would suggest.

Two members - Martin Weale and Ian McCafferty - may soon reinstate their previous call for a rate hike, she said.

The bank acknowledged that there were differences among policymakers.

"For two members, the immediate policy decision remained finely balanced: given the outlook for inflation beyond the short term, there could well be a case for an increase in Bank Rate later in the year," the minutes said. "All members viewed it as more likely than not that Bank Rate would increase over the next three years; for one member, the next change in the stance of monetary policy was roughly as likely to be a loosening as a tightening."

Whenever the bank decides to raise interest rates, it expects to do so "gradually and more slowly than in previous cycles," according to the minutes.

© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.