Bank of England holds base rate at 0.5%
Monetary Policy Committee holds rates again and makes no change to QE programme.
The Bank of England has held base interest rates at 0.5 per cent for the 42nd month in a row.
As was widely expected, the bank’s rate-setting Monetary Policy Committee held the interest rate at an all time low, marking three and half years since the last change.
It also maintained quantitative easing (QE) at £375bn, as the Bank is still in the process of buying up government bonds using the £50bn additional QE announced in July.