BRITAIN'S fragile recovery is set to pressure the Bank of England (BoE) to leave its key interest rate at its record low level for a while longer, even if inflation is on course to keep rising, analysts said on Wednesday.

The BoE on Wednesday said that two of its nine policymakers had earlier this month voted to hike its main rate to tame high British inflation.
The central bank's Monetary Policy Committee (MPC) voted 7-2 to keep it at a record low level of 0.50 percent, minutes of the January meeting showed.
But the vote result revealed growing moves within the MPC to begin embarking on a policy of rate tightening.
Policymaker Andrew Sentance, who had previously been the only one to vote for a hike at recent meetings, was joined this time around by colleague Martin Weale. Both called for an increase in the rate to 0.75 percent.
'For two members, the evidence suggested that the balance of risks was already sufficiently clear to warrant an immediate increase in Bank Rate,' the minutes said.
(Source: straitstimes.com)