Interest rates were pegged at a record low 0.5% today as the Bank of England continued to worry about the weakness of the economic recovery.
The widely-expected decision means interest rates have stood still since March 2009.
Inflation may have soared to more than double the Bank's 2% target, members of its rate-setting Monetary Policy Committee (MPC) have been reluctant to tighten monetary policy at a time when the government's austerity measures are already dragging down demand.
Economists believe that even though inflation climbs to 5% in the coming months, worries about persistently weak growth are likely to prevent the MPC from raising rates until early next year.
