Interest rates are to stay on hold again as the Bank of England’s monetary policy committee (MPC) voted to keep the base rate at 0.25pc.

Rising inflation is causing some jitters, however, prompting one member, Kristin Forbes, to vote to raise the base rate to 0.5pc.

Combined with sustained economic growth, she was confident enough to vote to reverse the rate cut that took place in August.

Other members of the MPC also indicated they were concerned by rising prices, hinting that they could join Ms Forbes in the months ahead, causing a split in the consensus around ultra-low interest rates.