Minutes from the Bank of England's Monetary Policy Committee (MPC) meeting on 6 June have revealed all nine members agreed to keep base rate at 0.50% for the 51st successive month.
Despite the unanimous verdict regarding interest rates, the MPC remained split on whether the Government's quantitative easing (QE) programme should be increased to £400 billion.
For the fifth consecutive month, three members of the MPC, David Miles, Paul Fisher, and in his final MPC meeting as Governor of the Bank of England, Sir Mervyn King, voted in favour of injecting a further £25 billion directly into the UK economy, but were outnumbered by the majority.
QE has remained at £375 billion since July 2012, following the Government's initial asset purchase of £75 billion in March 2009.
Base rate has remained at its historic 0.50% since March 2009.
Compare the best savings ratesFind out how to choose the best bank account by reading our guides to help you open and manage your bank account
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.