Interest rates held at record low of 0.5%

The Bank of England left interest rates at a record low today as markets rallied and politicians breathed a sigh of relief following the €720bn (£628bn) eurozone bailout.

Base rates remained at 0.5% for the 15th month after the Bank, which usually publishes its decision on the first Thursday of the month, delayed last week’s announcement to avoid a clash with the election.

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