Bank of England expected to hold interest rates at 5.25%

Welcome to our live coverage of the Bank of England’s latest interest rate decision, which is due at 12:00 BST.

That bank’s rate, which influences borrowing costs for things like mortgages and loans – and also savings returns – stands at 5.25%, the highest level for 16 years.

Economists expect the Bank will leave the rate unchanged – but stay with us for all the news and analysis.