The Bank of England has once again voted to hold the base rate at 0.5%, meaning we have now faced almost two years in a record-low interest rate environment.

With inflation expected to soar above 4% when next week’s official figures are announced, there has been growing support for a hike sooner rather than later.

Indeed, the minutes from last month’s rate-setting meeting revealed that two of the nine members had voted for a hike.

Source: MSN Money