The Bank of England’s Monetary Policy Committee has voted unanimously to hold the bank’s base rate at 0.75%.

CPI inflation has risen to 2.1% contradicting earlier predictions that it would fall to 1.9% and is above the Bank of England’s 2% target.

Former Virgin Money CEO Dame Jayne-Anne Gadhia is pulling out of her recently-announced role on the Bank of England’s Financial Policy Committee to run the UK operation of Salesforce.com, an online sales management system.

The Bank of England has held the Bank Rate at 0.75% as it cut forecasts for UK growth over the next two years.