THE Monetary Policy Committee today decided the UK economy's fall back into recession was not a reason to take immediate action.

The commmitee decided to maintain the Bank of England's quantitative easing programme at £325bn.

Analysts had been split over how the MPC would respond today to the mix of data on the economy which has emerged since last month's meeting.

The latest GDP figures had shown the UK experienced a second consecutive quarter of negative growth while CPI inflation defied expectations an......for the full story register now for free or login below...