Bank Of England Base Rate Announcement 08/04/2010
Interest rates have been kept on hold at 0.5% by the Bank of England.
Rates have now been at a record low for 13 months, and are expected to remain at 0.5% in the near-term.
The Monetary Policy Committee also made no extension to its quantitative easing programme, currently valued at £200bn.
Recent figures suggest the UK economy grew by 0.4% in the final quarter of 2009, revised up from a previous estimate of 0.1%.
The Bank of England is likely to await data showing a sustained economic recovery before increasing interest rates
In line with the Committee's announcement last September, the timing of the General Election means that the next Monetary Policy Committee meeting will conclude on the morning of Monday 10 May, with the decision announced at 12 noon.
