Governor Bailey voted against a cut this month - swinging the Bank's decision that way this time. We have heard some of his thinking on the decision.

But with the vote so close there's also a lot of attention on how other MPC members voted - and what they might do next month.

The four other members who voted for rates to be held at 4% include deputy governor Clare Lombardelli who, like Bailey, is still concerned about inflationary pressures.

Huw Pill, the Bank's chief economist, believes cuts so far have been too fast. He pointed to what ...

What does diversification mean?

Diversification involves spreading your investments across various assets to reduce the reliance on any one investment. This helps to protect your investment portfolio and reduce the overall risk of losing money. There are three main asset classes – cash, bonds, and equities – and having exposure to each of them will help reduce the overall level of risk within your investment portfolio. If one area of your portfolio isn’t doing well, the other investments you’ve made elsewhere can compensate for those losses...