Interest rates held at historic low

Press Association
PA
PA

​%VIRTUAL-SkimlinksPromo%Interest rates were kept at their historic low of 0.5% today as mounting pressure to cool the housing market failed to persuade the Bank of England to change course.

The announcement was widely expected as policymakers have said they would rather utilise other tools to curb any property bubble before acting on rates, which would only be deployed as a "last line of defence".