Interest rates held at 5.25% for sixth time

Interest rates have been held for the sixth time in a row by the Bank of England, remaining at their highest level for 16 years.

The widely expected decision means rates will remain at 5.25%.

The Bank has been keeping interest rates high in a bid to slow the pace of rising prices for goods in the shops.

While inflation - the pace at which prices rise - has been falling, the rate still remains higher than had been predicted.

Interest rates affect mortgage, credit card and savings rates for millions of people across the UK.