John Pitchford, Head of Chester , Barclays Corporate said
“It has come as no real surprise that interest rates have been held at 0.5% for the 27th month in a row as the weak economy takes precedence over pressure on the Bank of England to control inflation. UK business and homeowners will welcome the rate hold but will not welcome the recent announcements from utility companies announcing significant price hikes combined with rising food costs, as inflation hits its highest level for two and a half years.”
