Bank of England holds interest rates at 4.75%

The Bank of England left its key lending rate at 4.75 per cent today for the sixth month in a row.

The Bank of England left its key lending rate at 4.75 per cent today for the sixth month in a row.

Analysts are split over whether borrowing costs will rise again this year, however.

Economists had predicted the decision, reckoning that the Monetary Policy Committee could wait until the economic picture becomes clearer once economic data covering the Christmas and New Year period, which can be volatile, are out of the way.

The Bank of England offered no statement to explain its decision.

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