Base interest rate stays at 4.75%

That said, analysts and economists are still expecting another base interest rate rise up to 5% before the end of the year to try and keep the UK economy stable, as house price inflation is still climbing, particularly in Wales and the North East. Trevor Williams, chief economist at Lloyds TSB Financial Market says the MPC committee kept rate rises on hold as lower house price rises and other economic indicators suggests previous rate rises are now doing their job and preventing the economy from rapid inflation. IFAonline