Interest Rates - Bank Base Holds at 5%

The Bank of England Monetary Policy Committee has held base rate at 5% today.

Analysts had predicted that this month's decision was going to be one of the toughest votes yet for the MPC, with economic growth slowing substantially and inflation rising sharply.

Although it was widely expected that base rate would stay the same, some commentators have criticised the MPC for further stalling action.