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.

  • BBC News