Members of the Bank of England’s Monetary Policy Committee (MPC) have voted to keep UK interest rates at 0.5%.
Bank of England governor Mark Carney has dismissed fears that cheap labour from immigrants has had a negative impact on UK productivity.
The Bank of England has cut its 2015 growth forecast from 2.9% to 2.5%, in figures published in its quarterly inflation report.
The governor of the Bank of England, Mark Carney, hinted at a possible interest rate rise later this year during a keynote speech.
The governor of the Bank of England has warned that house prices pushed up by a shortage of new homes is that biggest threat to the UK’s economic recovery.