Bank of England set to keep interest rates on hold on Thursday and many economists now do not expect a rise until 2012 | Mail Online

Bank of England set to keep interest rates on hold on Thursday and many economists now do not expect a rise until 2012 | Mail Online

The Bank of England is set to keep interest rates on hold on Thursday amid further signs that the UK's economic recovery is faltering.

When the Bank's Monetary Policy Committee (MPC) last met, a month ago, it left interest rates at their record low of 0.5 per cent because they were worried about the fragile nature of the economy.

Since then, there have been further signs of a slowdown in growth, after surveys revealed that activity in the manufacturing sector in June slumped to a 21-month low and consumer confidence showed its biggest fall since January.