Live blog: ECB holds fire despite recovery concerns

Both the Bank of England and European Central Bank (ECB) held fire on Thursday, despite growing concerns about Europe's economic recovery.

Some countries in the euro zone are causing particular concern, with Italy unexpectedly slipping back into recession in the second quarter, data from Germany indicating an economic slowdown, and France's economic recovery struggling to gain traction.

We followed all the developments and breaking news on our live blog: