Monthly Archives: September 2014

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Bank of EnglandThe Bank of England has held UK interest rates at a record low of 0.5% for another month.

The quantitative easing programme is unchanged at £375bn.

Rates have been at 0.5% for five years, but as the economy recovers there are expectations of a rise early next year.

Last month, minutes of the Bank’s interest rate meeting in early August showed that two policymakers voted for a rise.

This was the first time in three years that rate-setters on the Bank’s nine-member Monetary Policy Committee (MPC) had done so.

Minutes of the latest MPC meeting are due to be published next week.

Bank governor Mark Carney has made clear that any rate rises would be small and gradual.