Bank leaves interest rate at 0.5%

The Bank of England has held off from more economy-boosting measures in what is likely to have been a knife-edge decision among policymakers.

On the fourth anniversary of interest rates being held at a record low of 0.5%, the Bank's Monetary Policy Committee (MPC) resisted pressure to restart its quantitative easing programme, which currently stands at £375 billion.%VIRTUAL-SkimlinksPromo%