The Bank Rate has been changed this morning for the first time in more than seven years – with a cut to 0.25%.

The first change in interest rates in over seven years “looks almost certain” to be made this week by the Bank of England.

The Bank of England's Money Policy Committee voted to keep its Bank Rate unchanged today at 0.5% - despite intense speculation it was to drop to 0.25%.

The Bank of England's Money Policy Committee voted unanimously to keep its Bank Rate unchanged today at half a per cent - the seventh year of rates at this level.