The Bank of England (BoE) have left interest rates unchanged at the record low of 0.5% for the six month running, with financial experts predicting that it will remain unchanged for the remainder of 2009.
The Bank will also continue with its current £175billion asset buying programme which was increased from £125billion last month.
Some strategists had hoped that the Bank would cut the interest rate that it pays to other banks who hold reserves with it, as a means to encourage them to lend money rather than stockpile it at the central bank.
But the no change announcement will appease many of the financial experts who see financial stability from the BoE as essential to maintaining the slow path to recovery for the UK.
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