Page last updated at 09:31 GMT, Wednesday, 23 September 2009 10:31 UK

MPC unanimous on rates decision

Bank of England building
The BoE extended its stimulus programme to 175bn last month

The Bank of England's monetary policy committee was unanimous in their decision to keep rates on hold at 0.5% this month.

They were also in agreement not to extend further the Bank's programme of pumping money into the economy.

But members who in August called for a bigger injection of money than the £50bn decided, said the Bank may still need to extend the programme further.

This increased the amount pumped into the economy to £175bn from £125bn.

At that meeting in August, three members, including the Bank Governor Mervyn King, had voted for a bigger injection of £75bn.

The Bank publishes the minutes of its meetings on monetary policy two weeks after the event.



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