Bank of England policymakers have voted to keep UK interest rates at 0.5{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}.

It is seven years now since the Bank of England slashed interest rates to the lowest since the Bank was established in 1694.

The decision to keep rates on hold once again comes in the midst of worries about global growth and a threatening EU referendum.

Bank governor Mark Carney said last month that it was “more likely than not” that rates would need to rise over the next two years.

Some analysts expect that the Bank might cut rates during the coming months as it looks for new ways to restore the UK economy.

But Mr Carney has said it would not follow the Japanese and European central banks by introducing negative interest rates.

Source: BBC News