MPC maintains interest rates at 5.25%

The Bank of England's MPC has maintained interest rates at 5.25%, following today's committee meetin...

The Bank of England’s MPC has maintained interest rates at 5.25%, following today’s committee meeting. Barry Naisbitt, chief economist at Abbey, said last month’s decision to hold rates had acknowledged some of the uncertainties in the economy. “It is likely that some of these will have persuaded committee members to keep rates on hold again in April," he added. "The decision will not have surprised the markets but they will be looking to the minutes, which will be published on 18th April, to see if there was any voting pressure for a further increase. With inflation at 2.8% and econo...