Interest rate held at 0.5%

Published by Rhian Nicholson on 04 March 2010.
Last updated on 04 March 2010

The Bank of England has held interest rate at 0.5% for March as fears of a double-dip recession diminish.

As well as keeping the base rate at just half a percentage point, the central bank has put its quantitative easing programme, which finished last month, on ice.

However, the door remains open for further action if the economic recovery hits shaky ground.

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