- Howard Archer, an economist at IHS Global Insight
Bank of England kept rates at 0.5 per cent and refrained from further monetary stimulus on Thursday, marking three years since rates were first cut to the record low.
"Since the MPC has been signaling that the current policy stance is broadly appropriate, it appears that the economic climate would have to deteriorate to prompt a further extension of QE," said Ian McCafferty, chief economic adviser at the CBI business group.
"Nevertheless, with economic conditions fragile and the level of uncertainty high, monetary policy decisions are still likely to be finely-balanced," he said.
"A fourth year of interest rates at 0.5% looks highly probable and a fifth is far from impossible given the still difficult domestic and international conditions that the economy faces," said Howard Archer, an economist at IHS Global Insight.
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