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Bank of England holds rates at 0.50%

The Bank of England's Monetary Policy Committee (MPC) has left interest rates at 0.5%.

It has kept the key borrowing rate at that level since March 2009.

The MPC also said it would make no change to the £375bn of monetary stimulus it is providing through its quantitative easing programme (QE).

Unlike last month's interest rate announcement, the first under the new Bank governor, Mark Carney, the MPC made no further comment on policy.

The MPC will make an announcement next week about whether it will adopt a policy of "forward guidance", a ploy that gives clues about future moves and helps investors to plan ahead.

That will coincide with the release of the Bank's keenly watched Quarterly Inflation Report.

Read the rest of this article on the BBC News Website

At Permanent Bank International, we continue to offer competitive interest rates across our range of notice and fixed term deposit accounts despite this sustained low interest environment.

To view our current interest rates Click here

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