The Bank of England kept interest rates unchanged at today's meeting at 0.5% as widely expected, and two out of nine members of the MPC voted in favor of raising interest rates by a quarter basis point.
The MPC also kept the government bond purchase program unchanged at £435bn a month. Markets until mid-April were pricing in the possibility of a rate hike of more than 90%, but the weakness of the economy delayed the move for later.
The UK economy slowed in the first quarter of 2018, with GDP growing just by 0.1%.
