Bank of England reveals crucial interest rate decision after inflation stays steady – what it means for your money (opens in new tab)

THE Bank of England has offered a lifeline to battered borrowers by keeping interest rates frozen at 3.75% following a shock drop in global oil prices and better-than-expected UK inflation data. The Bank's Monetary Policy Committee (MPC) voted this afternoon to hold the base rate steady, taking a much-feared rate hike firmly off the table...