The Bank of England has unanimously voted to hold the base rate at 0.25% and maintain quantitative easing at current levels.
The Monetary Policy Committee said the decision reflects the likelihood of slower household income growth which would weaken consumer spending next year.
In a testing year Bank Governor Mark Carney will be saying Thank God It’s Christmas.
Ishaan Malhi, chief executive and founder of online mortgage broker Trussle, said: “Today’s announcement is good news for those looking to buy a home or switch their current mortgage to a new low-rate deal.
“However, lenders and brokers must do more to keep homeowners informed about opportunities like this; according to our research just one in 20 mortgage holders have thought about taking advantage of these low rates since the Bank of England’s action.
“Lenders and traditional brokers need keep up with the times if homeowners are to make the most of these historically low rates.”
The Bank cut interest rates to 0.25% and increased quantitative easing in August in response to the vote to leave the European Union in June.