UK interest rates remain on hold at 0.5%
04/08/2011
UK interest rates have been kept at a record low of 0.5% by the Bank of England’s Monetary Policy Committee (MPC).
Economists had expected interest rates would remain unchanged due to the subdued economy. GDP figures for the second quarter showed growth of 0.2%.
A majority of economists polled by the BBC expect interest rates to remain unchanged until next year.
