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Leading UK shares have rallied after new Bank of England Governor downplayed an imminent interest rate rise.
FTSE shares rose in anticipation of the further continuation of cheap borrowing costs, with the FTSE 100 index gaining an extra 45 points to 6,345.
Sterling also fell, immediately dropping a cent and a half against the dollar to $1.5141.
In a rare statement, the Monetary Policy Committee (MPC) which sets rates said: "the implied rise in the expected future path of Bank Rate was not warranted by the recent developments in the domestic economy."
The Bank of England (BoE) has kept the interest rate at 0.5%.
The rate has remained unchanged since March 2009.
The rate decision is the first since Mark Carney took over as Governor of the Bank of England on Monday.
The Bank also left the scale of its quantitative easing (QE) programme to boost the money supply unchanged at £375 billion.
Latest ITV News reports
The new Bank of England Governor is hinting that the Bank might not raise the interest rate for some time.