Mervyn King
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UK interest rates kept on hold at 0.5%

The Bank of England has voted to keep interest rates on hold at 0.5% amid concerns over the strength of the economic recovery.

The decision by the bank's Monetary Policy Committee (MPC) means rates will stay at their current record low for an 18th month.

The Bank's programme of quantitative easing also remains on hold.

Hugh Pym reports.