Bank of England majority firm on keeping rate low

LONDON (AP) — The Bank of England's rate-setting Monetary Policy Committee saw no new votes for a rate hike at its April meeting despite concerns about inflation, according to minutes of the discussions released Wednesday.

Andrew Sentance, Spencer Dale and Martin Weale again voted for a rate increase but picked up no new support from the other six members.

Of the six who voted to keep rates unchanged, Adam Posen remained alone in seeking to restart the Bank's economic stimulus program through another 50 billion pounds ($80 billion) in asset purchases.

The Bank has kept the interest rate at 0.5 percent since March 2009, and the quantitative easing program has been on hold …