Bank Rate held at 0.1% in unanimous vote

On the first anniversary of their decision to cut rates to 0.1% the Bank of England's Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.1%.

The Bank also commented outlook for the UK economy remains "unusually uncertain" despite the rapid rollout of the vaccine programme  there were reasons to be optimistic, including a less-sharp-than-expected drop in growth in January and the extension of furlough but the recovery still depended on the "evolution of the pandemic" and measures to protect public health.