
Some economists predicted there would be a hike during the spring though over the past few weeks that view has diminished. Many now expect an autumn rise, if at all this year.
Three members of the Bank's Monetary Policy Committee (MPC) have previously voted for a rise to help curb high inflation but this has not been enough to force a hike.
The low interest rate environment has meant millions of homeowners are paying relatively cheap mortgage payments but savers have suffered due to the low returns on offer since 2008.
Have your say
This is an open discussion but the comments do not represent the views of MSE. We want everyone to enjoy using our site but spam, bullying and offensive comments will not be tolerated. Posts may be deleted and repeat offenders blocked at our discretion. Please contact fbteam@moneysavingexpert.com if you wish to report any comments.