Bank of England inflation hawk Andrew Sentance believes policymakers should start gradually raising interest rates on improving economic conditions.
The Bank of England will keep interest rates on hold until at least May 2011 as the Government's recent spending cuts weigh on the economic recovery, the British Chambers of Commerce believes.
The US Federal Reserve voted to hold interest rates at record lows as it admitted Europe's debt problems could slow American economic growth.
A member of the Bank of England's Monetary Policy Committee (MPC) has called for a rise in interest rates for the first time in almost two years.
The Bank of England's Monetary Policy Committee (MPC) today held interest rates at their historic low of 0.5%.
With sovereign and political issues taking centre stage in markets recently, macroeconomic indicators have taken a back-seat in many market participants' minds. But how have the advanced economies been recovering, absent these risks?
The US Federal Reserve expects to hold its main interest rate at a near zero level for an "extended period".
Interest rates have been kept on hold at 0.5% by the Bank of England.
The Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold its quantitative easing programme and maintain interest rates at their historical low, its minutes reveal.