Bank of England Keeps UK Interest Rates at 0.5pc.

The bank of England has decided to keep the UK interest base rate at its historic low of 0.5 per cent for the sixth consecutive month. The MPC has also voted to keep its ‘Quantitive Easing’ spending at £175 billion which is expected to take at least two more months to complete.

The decision came as no surprise to financial experts who agree that although there are clear indications that the British economy is improving, it’s far too early to be confident of a strong or permanent recovery.