Rates will remain at 4%, the Bank’s Monetary Policy Committee decided, despite the galloping increase in house prices and the UK’s ever-increasing mountain of consumer debt.
The decision was welcomed by the British Chamber of Commerce.
It will also please the Confederation of British Industry, which has called for a cautious approach until the effect of the two previous rate rises can be fully felt.
At the Bank’s previous meeting in March, MPC members voted unanimously to hold rates unchanged.
The last rate rise, in February, saw the borrowing rate climb from 3.75% to 4%.
Minutes of the meeting will be published on 21 April.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars