The Bank of England will keep the base rate at 0.5 per cent for another 3 years say leading analysts. The prediction by Capital Economics came as the Bank of England yesterday revealed it was yet again freezing the base rate at the lowest level in its 318 year history. It coincides with the 3rd anniversary of the cut to 0.5 per cent in March 2009 – and raises the prospect of the base rate staying at this level until 2015. The economic consultancies forecast is a blow for savers with many now predicted to invest in property and benefit from the increasing rental market.
