Interest rate freeze expected amid ongoing uncertainty

The Bank's Monetary Policy Committee (MPC) will make public its decision on whether to move the base rate from its current level of 0.5% at midday. BoE governor Mervyn King last week indicated interest rates in Britain would remain low for years. A freeze on both interest rates and quantitative easing is expected for this month, because the recovery is still too fragile and there is no enthusiasm for adding to market uncertainties by tightening policy at this stage. Governor of the BoE Mervyn King will give the first post-election assessment of the economy on Wednesday in the Bank'...