Ipswich Financial Adviser

Bank of England base rate stays at 0.5%.

The Bank of England has frozen its quantitative easing programme and kept interest rates on hold for another month.

Interest rates will be kept at 0.5% for now. This is the 11th consecutive month that the rate has been at 0.5%.

It should be expected that rates could rise later this year, after inflation hit almost 3% last month.