Monetary policy committee resists pressure to increase the cost of borrowing to calm rising prices
The Bank of England has kept UK interest rates at the historic low of 0.1% despite predicting a stronger recovery this year from the pandemic that will push inflation higher than previously expected.
Central bank policymakers predicted that UK inflation would rise to 4% by the end of this year, double their target, up from 2.5% in June, largely due to higher energy and other goods prices.
