11 Nov 2011

Bank of England holds interest rates

6:16 pm on 11 November 2011

Interest rates in Britain have again been held at a record low of 0.5% by the Bank of England's monetary policy committee.

The rate was set at that level in March 2009.

No increase was announced in the bank's policy of quantitative easing.

Last month, the bank said it would inject another £75 billion into the economy through QE. It previously pumped £200 billion into the economy with asset purchases between March 2009 and February 2010.

Last month, bank governor Mervyn King said the financial crisis could be the worst that Britain had ever seen.