Interest rates stay at 0.5%

By Jonathan Davies

The Bank of England has kept interest rates at the record low of 0.5% for another month.

Interest rates have been at their record low since March 2009. And most economists don't expect to see an increase until next year.

The US has been tipped as the first major economy to raise interest rates, but yesterday (Wednesday), the International Monetary Fund (IMF) warned the US Federal Reserve to delay any increase to avoid increasing risks to the economy.