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The decision had been expected after Chancellor of the Exchequer Gordon Brown said that his preliminary budget plan took a balanced approach to maintaining interest rate levels.
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Writing in the Telegraph, she said: "Maintaining interest rates at the current low levels during an expansion risks creating distortions.
The new scenario represents a vindication of sorts for the Fed's strategy of maintaining interest rates at historic lows well into the economic recovery.
Minutes of the central bank's April monetary policy committee, released on Wednesday revealed a six-three majoriny in favour of maintaining interest rates at 0.5% and keeping the level of QE at £375bn.
In each of the four cases, the dummy variable is significant, indicating that the change in the exchange rate regime has an impact on the macroeconomic relation that selected monetary and fiscal variables maintain interest rate levels.
This is because of the implications of the Mundell Fleming model, which implies a central bank cannot (without capital controls) maintain interest rate and exchange rate targets simultaneously, because increasing the money supply results in a depreciation of the currency.
It could promise to maintain interest rates near zero beyond 2014, its current commitment.
Stewart said: "Falling corporate risk appetite and sentiment suggests that the Federal Reserve and Bank of England have been absolutely right to maintain interest rates at ultra-low levels.
Global shares rallied today after US Federal Reserve took the first steps towards scaling back the country's vast economic stimulus drive, but promised to maintain interest rates low.
1.40pm BST FORWARD GUIDANCE FROM DRAGHI An early shock from Mario Draghi -- he tells his press conference that the ECB expects to maintain interest rates at their current or lower levels for an extended period of time.
Brazil's Central Bank Monetary Policy Committee maintained interest rates at 16.5percentt after an unexpectedly large surge in inflation last month led to fears that the government would overshoot its year-end inflation target.
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