Bank of England Maintains Interest Rate at 5.25%

The minutes of the meeting will be published at 9.30am on Wednesday 18 April.

The previous change in Bank Rate was an increase of 0.25 percentage points to 5.25% on 11 January 2007.

Bank of England Governor Mervyn King said March 27 it's ``too early'' to say whether the pace of economic growth will fuel wage inflation, and a report today showed manufacturing output fell the most in more than a year in February. The bank's latest forecasts show one more rate increase will be required to bring inflation back to its 2 percent target.

Most experts are convinced the BoE will raise rates next month by a quarter percentage point for the fourth time since August because policymakers are worried about an increase in firms' pricing power.

The interest rate has risen three times since last August. (Agency Reports)