By Daniel Hunter

The Bank of England's Monetary Policy Committee's (MPC) meeting notes show that they voted unanimously in favour of maintaining the current interest rate and level of quantitative easing.

Policy makers voted 9-0 in favour of keeping the stimulus programme at its current level, the minutes show. The July meeting was the first to be chaired by new governor Mark Carney.

Two members of the monetary policy committee (MPC) had voted to expand the quantitative easing programme at the previous meeting in June.

However, some members said the case for more stimulus was "warranted".

It is thought that Mr Carney favours forward guidance to boost confidence. The idea is that business and consumers will be more likely to borrow if they know that interest rates are going to remain low.

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