The Bank of England has held interest rates at a record low of 0.5% despite growing concerns over inflation. The Monetary Policy Committee held the rate for the 18th consecutive month and voted to leave the £200bn quantitative easing programme unchanged. The majority of economists believe rates will remain unchanged until April next year, although there are growing calls for interest rates to rise to head of growing inflation. Observers suggest the Bank of England faces a difficult task in balancing rising inflation and stalling economic growth.