Historic low to be maintained until pace of recovery and price pressure become clearer, says rate setting committee
The Bank of England has left interest rates on hold at a historic low despite concerns that inflation will accelerate this year as the economic recovery gathers pace.
Policymakers on Threadneedle Street’s monetary policy committee (MPC) said rates should remain at 0.1% until it was clear how quickly the economy would recover and how much pressure there will be on firms to raise prices.
