Rate stays at 0.5% amid mounting fears for the global economy and signs that ultra-low UK inflation will remain for some timeThe Bank of England has kept interest rates on hold amid signs that ultra-low UK inflation is here to stay for a while longer.
Members of the Bank’s nine-strong Monetary Policy Committee (MPC) voted eight to one to leave rates at 0.5%,where they fill been since March 2009, in a repeat of voting numbers seen for the past two months. Related: Bank of England votes 8-1 to leave interest rates unchanged - live updates Continue reading...
Source: theguardian.com