Record Low Interest Rates

06 March 2015

Six years of interest rates at the historic low of 0.5% were marked as the Bank of England again kept borrowing costs on hold.

They have been at the same level since March 2009 when policymakers took emergency action to stimulate the economy at the height of the financial crisis.

The recovery over the last couple of years has increased speculation of a hike but, with inflation at a record low of 0.3% and expected to turn negative in coming months, there seems little appetite for an increase in 2015.