Bank of England decides interest rates remain at 0.5%
The Bank of England has voted to keep interest rates at 0.5%, despite speculation that its Monetary Policy Committee (MPC) was ready to announce a hike this month.
However, Bank of England Governor Mark Carney said the UK economy has not met the Bank’s expectations over the past three months.
Growth and inflation have also both been lower than the Bank’s forecasts in February.
The Governor said that this softening is probably a temporary blip, due to the adverse weather conditions which hit Britain earlier this year, part... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...