Interest rates have been pegged at 0.5% by the Bank of England for another month. The Bank also said there would be no change to its quantitative easing (QE) programme which aims to get money into the economy.
Rates have been at 0.5% since March 2009 as the long hoped for economic recovery fails to take hold.
The fragile nature of economy was underlined earlier today when new data showed a shock 1% fall in manufacturing in February.
Some commentators have warned the UK may be slipping back into recession but the Bank has forecast growth this year of about 1.2%.
Bank governor Sir Mervyn King has warned that the economy will "zig zag" between growth and contraction in 2012.
Today’s interest rate decision was widely expected.
