Bank of England interest rates will remain unchanged at their record low of 0.5% making it 4 years since the last rate change, back in March 2009.

Despite pressure for The Bank of England’s Monetary Policy Committee (MPC) to do more to help support the economy, the nine-man committee have decided to keep things as they are..

They also voted to make no change to their quantitive easing (QE) programme. Minutes from the last meeting highlighted a split in opinion with 3 members including the BoE Governor Mervyn King voting for an increase, but although the vote was likely split again, the majority favoured leaving things as they were.

It will be the 20th March when we find out what the actual results of the vote were, which is a big day for the Treasury – Budget Day!