UK interest rates stay at 0.5%

The Bank of England has held its base lending rate at an all-time low of 0.5%, as analysts expected, despite mounting concerns about high inflation.

There has been no change to the Bank rate for 25 months, despite the fact that inflation is currently more than twice the Bank's 2% target rate.

Alan Clarke from BNP Paribas told the BBC's Simon Jack that he expects rates to rise next month.

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