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BoE rates decision was unanimous

Bank of England policymakers voted 9-0 in September to hold the central bank's main interest rate at 5.75%, according to minutes of the meeting published this morning.

As the economic fall-out from a continuing worldwide credit squeeze continued, the BoE had left British interest rates at a six-year peak of 5.75%.

But it took the rare step of issuing a statement alongside the decision, as it fought criticism over its response to tighter global lending caused by a collapse of the US sub-prime mortgage market.

Minutes from the September rate meeting looked once again at the wider economic backdrop. BoE members believed financial market uncertainty meant that risks to inflationary pressures had receded.

Many economists are now predicting that the BoE may soon look to  cut interest rates after official data showed yesterday that British annual inflation slowed in August.