Interest rates to remain at historic 0.5 per cent low

Interest rates are to remain at 0.5 per cent for the 18th month in a row after the Monetary Policy Committee (MPC) decided to leave the rates unchanged. Experts had predicted that the MPC would decide to keep rates at the historically low figure, first set in March 2009, as well as continue with the Bank of England's £200 billion quantitative easing (QE) programme but some are calling for an increase to curb inflation.