Bank of England holds interest rates

THE Bank of England’s Monetary Policy Committee today agreed to maintain its long freeze on interest rates at 0.5%.

The Quantitative Easing programme was also held at £200bn.

Business leaders in the West Midlands had urged the MPC to maintain its current policy in an attempt to sustain growth. Many said businesses emerging post-recession needed all the support they could get and rising costs would hamper their development.

However, economists are now split on how long the Bank will be able to with... For the full story register now for free or login below...