The Consumer Prices Index (CPI) 12-month rate rose to 0.7% in the 12 months to March, up from 0.4% in February.

The Bank of England’s Monetary Policy Committee has today held interest rates at 0.1%.

Representative LIBOR rates will mostly be axed by the end of the year.

The Bank of England’s Monetary Policy Committee has held interest rates at 0.1%.