Interest rates on hold for another month

London_istockIn a move which will surprise no one, the Bank of England has announced interest rates will remain on hold for another month. The Bank’s Monetary Policy Committee (MPC) met this week and voted to leave base rate at 0.5% and not to extend the existing £375 billion program of Quantitative Easing (QE). Most economic experts believe the committee is in a ‘holding pattern’, until Mark Carney takes over as governor from Mervyn King in the summer. The committee were possibly also influenced by economic ...