Committee has a bias to cut subsequently
Loosening policy could damage Bank's credibility
Committee recommends a 0.25% reduction
Slim five to four majority for holding interest rates
SMPC rejects a 0.5% rise by a slim margin
The IEA's Shadow Monetary Policy Committee has voted by five votes to four to hold interest rates
SMPC votes seven to two for an increase in interest rates
The SMPC votes six to three against lowering rates