New BoE Governor faces MPs

The next Bank of England Governor, Mark Carney, has appeared before the Treasury Committee.

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Interest rates held despite triple-dip recession threat

Despite the threat of triple-dip recession the Bank of England held off from further emergency support today.

Recent figures estimate the economy slipped back into the red in the final three months of last year Credit: Press Association

Interest rates are being held at their record low of 0.5%. The Bank's quantitative easing programme - or the level of money it pumps into the economy - is being maintined at £375 billion.

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