British interest rates set to remain at record low

British interest rates are expected to remain frozen at their record low when the Bank of England announces its latest policy decision today.

The Bank's Monetary Policy Committee (MPC) is forecast to hold the cost of borrowing at 0.5%, while it is also unlikely to alter the £200bn (€228.24bn) it has so far spent on quantitative easing (QE), or printing money, to support the economy.