BoE holds interest rate and faces 'sliding doors moment'

The BoE’s Monetary Policy Committee has voted unanimously to maintain the bank rate at 0.1%

Kathleen Gallagher
clock • 2 min read

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously to maintain the bank rate at 0.1%, with experts giving the decision the nod of approval, claiming it is right to wait, but divided as to when the BoE will turn hawkish.

The BoE has revised up its expectation for the level of UK GDP in 2021 Q2 by around 1.5% since the May Report, as restrictions on economic activity have eased. The MPC expect the impact of comm...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

AMNT to 'strongly oppose' proposals in Stewardship Code consultation

AMNT to 'strongly oppose' proposals in Stewardship Code consultation

Body said proposals will benefit fund managers ‘at the expense’ of trustees

Jasmine Urquhart
clock 21 February 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Mercer acquires SECOR, BAE Systems reports £800m pension surplus, TPR blog

Professional Pensions
clock 21 February 2025 • 1 min read
Pension funds set to boost scenario modelling spending, survey finds

Pension funds set to boost scenario modelling spending, survey finds

Survey finds most fund executives likely to up contributions as increasing risks predicted

Holly Roach
clock 20 February 2025 • 1 min read
Trustpilot