Oct 8, 7:36 AM EDT

Bank of England keeps interest rates unchanged amid concerns about global economy

Photo Gallery
Animal census at the London Zoo
Latest News from Britain
SABMiller meets with investors amid takeover bid by AB InBev

British couple cleared of baby abuse, but may never see child, now adopted by another family

No-fly zone to be enforced over Prince William and Kate's country home on queen's estate

Donald Trump takes Scottish wind farm dispute to Britain's Supreme Court

Bank of England keeps interest rates unchanged amid concerns about global economy

Contents of Scotland Yard's Crime Museum speak of murder, mayhem and dogged detective work

Buy AP Photo Reprints
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's administration to restructure Education Department amid economic crisis

Under Clinton plan, bad behavior by Wall Street would trigger prosecutions and prison terms

Egypt's foreign currency reserves fall as devaluation widely seen as inevitable

Bank of England keeps interest rates unchanged amid concerns about global economy

German economic experts lower 2015 forecast amid sluggish world growth; exports down in August

New York comptroller: Wall Street profits hit $11.3 billion in first half of 2015; jobs added

IMF expects world economy to register slowest growth since 2009, sees risk in emerging markets

US services sector expands at slower pace in September as sales, new orders weaken

World Bank trims East Asia growth forecasts on risks from China slowdown, US rate increase

Job growth in retail and professional services accelerated in September, bucking overall trend

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) -- The Bank of England has kept its main interest rate at a record-low 0.5 percent as policymakers remained wary about global economic uncertainty.

Minutes released alongside the decision Thursday show that only one member of the nine-strong Monetary Policy Committee, Ian McCafferty, voted for an increase. The minutes to the Oct. 6 meeting cited his concerns over domestic cost pressures.

With inflation at zero percent, policymakers have little incentive to raise rates - as the bank's target is 2 percent. Economists say the bank will follow the Federal Reserve's lead when it comes to rates. The Fed is widely expected to raise rates in December.

Capital Economics' chief U.K. economist Vicky Redwood says it "still seems unlikely" the Bank of England will raise rates before the second quarter next year.

© 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.