Bank holds interest rates at 0.5% for record seventh year

Moira O'Neill

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The Bank of England has decided to hold base rate at 0.5% for another month, taking us through seven whole years of interest rates at all-time record lows.

The Bank of England has decided to hold base rate at 0.5% for another month, taking us through seven whole years of interest rates at all-time record lows.

The Bank is now basing its own forecasts on market expectations of the first rise in mid-2017.

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Source Moneywise http://ift.tt/1KsgviP