Bank of England base rate kept on hold again
The Bank of England's Monetary Policy Committee has once again maintained the base rate at 0.5% and held quantitative easing at £375 billion.
Base rate has been on hold for 61 months. Most economists do not expect a rate rise this year, although there has been talk that base rate will increase nearer to the general election in May 2015.
Howard Archer, chief UK and European economist at IHS Global Insight, told the BBC: "The second quarter of 2015 currently looks the prime candidate for when the Bank of England starts to inch interest rates up - given both the inflation forecasts contained in the Bank of England's February Quarterly Inflation Report and the general drift of comments made by MPC members in recent weeks."
April 10, 2014
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