UK Interest Rates remain unchanged

For the 21st Month in a row the Bank of England has maintained interest rates at 0.5%

The Monetary Policy Committee confirmed that although the level of inflation was above the agreed target, the economy was still to fragile to consider rate increases.

The MPC confirmed that their program of Quantitative easing would continue at the same level.

The news is bad for savers as deposit rates are at an all time low. Savers need to think about this latest announcement and whether their existing investments generate a sufficient return.