It was also announced that there would be no extension yet to the quantitative easing measures or 'QE' (effectively the printing of more money to stimulate the economy).
This has brought the British pound up to three and a half year highs against the struggling Euro. Some investors were clearly expecting more QE.
It's been great for those of us with UK mortgages, but such low interest rates are the sign of a sick economy. Still, can't see them changing any time soon.
Currently reading An Author's Guide to Publishing by Michael Legat.
Should've read it before I wrote my book really, I suppose.
Off up to Yorkshire in the morning for 3 days of hiking.