The Bank of England’s Monetary Policy Committee (MPC) has voted unanimously to maintain the Bank Rate at 0.25%

In August the MPC voted to cut the Bank Rate to 0.25%, the first change to the Bank Rate since March 2009.

The MPC also chose to hold government bond purchases at £435bn and corporate bond purchases at £10bn.

Dennis de Jong, managing director at UFX.com, said: “Bank of England governor Mark Carney acted quickly to drop the interest rate to a record low 0.25% last month, promising further cuts if the UK economy worsened following the EU Referendum.

“While we’re continuing with a period of uncertainty, the initial hit to the country’s health hasn’t materialised so there’s no surprises that the rate remains unchanged.

“However, as long as politicians continue to squabble about the timeframe and negotiating points for the UK’s exit from Europe, Carney will be keeping a very close eye on the situation.”