Interest rates stay at record low 0.5%

The Bank of England has kept the cost of borrowing unchanged again today, and made no change to the ?200bn quantitative easing programme in place.

Despite inflation sitting at four per cent (double the official target), new economic data released this week, showing a slowdown in growth in manufacturing, construction and services, has suggested that the UK economy is too weak to support a rate rise at this stage. 

Economists predict no rate rise until autumn.

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