UK interest rates on hold at 0.5%
The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 19th consecutive month.
The Monetary Policy Committee's decision had been expected, but there has been mounting pressure on the rate setting committee to deliver more economy-boosting measures.
Alan Clarke, the chief UK economist at BNP Paribas told the BBC's Emma Simpson that he thinks the Bank of England may now introduce more quantitative easing.
07 Oct 2010
- From the section Business