Interest rates held at 0.5%

Date published: 17 March 2016


All nine members of the Bank of England's Monetary Policy Committee (MPC) voted to keep rates at their record low of 0.5%, where they have now been for seven years.

The decision to freeze rates comes amid worries about global growth and uncertainty ahead of the EU referendum.

The Bank said uncertainty in the run-up to the referendum on EU membership - to be held on 23 June - had hit sterling, and that UK economic growth could slow.

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