Markets had expected rates to be left unchanged for third consecutive time after economy shrank in October
The Bank of England has left interest rates unchanged for the third time in a row at 5.25%, the highest level since 2008, as the UK economy slows.
In a widely expected decision, the Bank’s monetary policy committee (MPC) judged the full force from 14 previous rate rises would be enough to ensure inflation continued to fall back to the 2% target set by the government.
