Bank of England Holds Rates at Record Low

UK interest rates have been held at 0.5% for another month by the Bank of England.
The decision by the Monetary Policy Committee comes more than six years after the record low was introduced.

The half-dozen years of ultra-low interest rates have cut returns on savings, while mortgage borrowers have reaped the benefits of lower repayments.

Rates have been at a record low for the entire Coalition government period.

Expectations of a rise any time this year have been put on hold with Consumer Price Index (CPI) inflation at zero.

via BBC