BoE keeps rates on hold at 0.5% as risks remain

The Bank of England kept interest rates on hold yesterday, as Britain’s economy continued to thrive, although risks remain to the recovery at home and abroad.

The BoE’s Monetary Policy Committee (MPC) left its bank rate at 0.5%, where it has been since the depths of the financial crisis over five years ago.

Investors will have to wait almost two weeks to find out if any more policymakers voted in favour of raising interest rates, after two of the nine MPC members broke ranks in August.