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Bank of England holds interest rates at 0.1%

BBC News logo BBC News 24/6/2021
a statue of a man and a woman standing in front of a building © Reuters

The Bank of England has held interest rates at the historic low of 0.1%.

Rates have been unchanged since March last year, when they were reduced to help contain the economic shock of Covid-19.

The Bank's Monetary Policy Committee voted 9-0 to keep rates steady, despite concerns that inflation could surge in the wake of the pandemic.

Consumer price inflation hit a two-year high of 2.1% in the year to May, exceeding the Bank's 2% target.

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