Bank base rateThe Bank of England has confirmed the base interest rate will be held at 0.5 per cent for the 74th consecutive month.

The BoE was set to announce the rate stall on 7 May, but a potential clash with the general election forced the bank to switch to 11 May.

It has been at this level now since March in 2009

The Bank’s Monetary Policy Committee has also voted to keep the quantitative easing programme at £375bn, a level that has been maintained since July 2012 when it was increased by £50bn.

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