Experts from across the financial sector have reacted to yesterday’s decision of the Bank of England's Monetary Policy Committee to maintain the bank Rate at 0.75%.

The Bank of England’s Monetary Policy Committee (MPC) has unanimously decided to maintain the Bank Rate at 0.75%, the bank announced today.

UK inflation fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS).

Dame Colette Bowe, a former chief executive of the UK’s top financial regulator, and Dame Jayne-Anne Gadhia, former chief executive of Virgin Money, have been appointed to the powerful Financial Policy Committee.