Interest rates on hold for yet another month, but inflation remains a worry

LondonThe Bank of England’s Monetary Policy Committee has decided to leave base rate unchanged at 0.5% for another month. The decision will hardly come as a surprise, after nearly four years without an increase; however savers, who currently have to contend with huge cuts in interest rates on their savings accounts, will still be left disappointed. The Bank also decided not to increase the existing £375 billion package of Quantitative Easing (QE). The debate over QE continues to ...