Base rate was cut to 0.5% in March 2009, on the same day the Bank initiated a programme of QE worth £75bn.
In February, the Bank voted to increase the size of its QE programme by £50bn to £325bn. This latest round of QE completed last month.
The minutes of last month’s MPC meeting show David Miles was the only member – out of nine – to vote for QE to be increased, arguing for a further £25bn.
Ben Thompson, managing director at Legal & General Mortgage Club, says: “With the economy still very uncertain it is no surprise to see interest rates remain unchanged and this is a good thing, as hopefully it will continue to encourage people who want to move house to think about doing so.”