The Bank of England Governor Mark Carney
The Bank of England has decided to keep the Bank Rate at 0.5%, it announced today.
The Bank of England's Monetary Policy Committee voted to maintain the level – meaning it is now nearly five years since it changed.
The committee said it reached its decisions based on the monetary policy guidance announced alongside the publication of the August 2013 inflation report.
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The size of the Asset Purchase Programme also stays at £375 billion.
The Bank of England reduced its Bank Rate by 0.5 percentage points to 0.5% on 5 March 2009 and it has remained unchanged from that point.
Governor Mark Carney has said in the past that the base rate will not be reviewed or increased until unemployment fell to 7%.
Two weeks ago the figure fell to 7.1%
