Bank of England keeps interest rates on hold at 0.5%

Interest rates are being held at record lows of 0.5%. It means the base rate, set by the Bank of England, has remained unchanged since March 2009.

Official Bank of England base rate history
Official Bank of England base rate history Credit: Bank Of England

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Interest rate held at 0.5%

The Bank of England has held the interest rate at a record low of 0.5% and maintained the funding for stimulating economy at £375m, despite mounting pressure to implement emergency measures to avoid a triple dip recession.