Concern as December rates look to remain on hold
Minutes from the Bank of England's interest rate-setting Monetary Policy Committee (MPC) show that members voted by a majority of seven to two to keep the cost of borrowing at 5.75% this month.
The sizeable majority in favour of no change will heighten uncertainties about a rate cut in December, the British Chambers of Commerce (BCC) said.
A spokesman said the MPC had not paid sufficient attention to the worsening turmoil in the financial markets when making November's decision.
He added:
"We urge the MPC to announce a small cut in interest rates at its December meeting."
