The Bank of England has left interest rates unchanged at 0.25%, it has been announced.
The Bank also increased its growth outlook for the economy to 2.2% in 2016 and 1.4% in 2017.
But it slashed its forecast for 2018 to 1.5% and said inflation was set to surge to 2.7% next year.
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Economists predict the Bank will keep rates at 0.25% after they were cut to a record low in August in a post-Brexit stimulus package.Read the full story ›
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The Governor of the Bank of England has said inflation will rise on products such as food because of the fall in the value of the pound.Read the full story ›
The Bank of England has left interest rates unchanged at 0.25%.
Rates were slashed last month for the first time in more than seven years, while the bank delivered an emergency £170 billion package, as it sought to prevent a recession in the wake of the Brexit vote.
The plastic notes, which can survive a washing machine spin, are out today - but some people may have to wait a week to see one.Read the full story ›