The Bank of England has held interest rates at 4.5 per cent as worries over a global trade war flare up.  Rate-setter Swati Dhingra, an external member on the Monetary Policy Committee (MPC), was the lone wolf who voted for a 25 basis point cut.

Experts are confident that UK interest rates will be held at 4.5% when the Bank of England announces its decision tomorrow

The Bank of England held interest rates at 4.5% and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty hanging over the British and world economies.