Hi °C | Lo °C The Bank of England held interest rates at record lows today as policymakers weighed up the impact of a eurozone bailout and a hung Parliament.
The Bank's Monetary Policy Committee (MPC) voted to hold rates at 0.5% and left its £200 billion programme to boost the money supply unchanged.
The widely-expected decision came as European leaders agreed to prop up the euro and prevent Greece's sovereign debt crisis from spreading - while talks over a possible coalition continue following last week's indecisive election.
Despite worries over inflation, the current political and economic uncertainty will have reinforced the MPC's "no change" stance with the UK making a fragile recovery from recession.
Rate-setters have failed to budge policy since November and are unlikely to move until repair plans for the UK's public finances have been set out by a new Government and the economy shows signs of stronger growth.
