► Subscribe to FT.com here: http://bit.ly/2r8RJzM<br /><br />The Bank of England has kept interest rates on hold but signalled it was moving closer to a rate rise. The FT's Gemma Tetlow explains the decision and what it tells us about the state of the UK economy.<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes