By Marcus Leach
UK interest rates remain at their record low of 0.5%, as the Bank of England resists pressure to raise rates to curb inflation.
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Comments from leading economists about the decision can be found here.