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Bank of England keeps interest rates at record low


economy

Bank of England keeps interest rates at record low

The Bank of England has once again kept UK interest rates at a record 0.5 percent low.

The rates have been held since the depths of the financial crisis more than six years ago. The Bank is not expected to raise them until next year as analysts say the Bank is under no pressure with inflation at near record lows.

The domestic outlook for Britain’s economy looks strong for the time being believe economists.

The six plus years of ultra-low interest rates have cut returns on Britain’s savers but have provided a boost for mortgage borrowers from lower repayments.

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