The Bank of England’s Monetary Policy Committee (MPC) has again voted to keep the Bank Rate at 0.5%.
This marks 18 months of no change to the base rate.
The MPC also voted to keep the level of quantitative easing at £200 billion.
Ben Thompson, director of mortgages at Legal & General said: “It’s getting interesting now and although it was obvious that rates would remain unchanged today there will certainly have been some real debate around whether the recovery is well underway or if we’re in for tougher times again. Persistently stubborn inflation combined with a flagging economy is certainly not a marriage made in heaven and the two will no doubt co-habit for some time to come
