Bank of England maintains interest rates at 0.1%

'Wait-and-see' mode for BoE as core inflation reaches highest rate since 2011

clock • 2 min read
The Bank of England
Image:

The Bank of England

The Bank of England’s (BoE) monetary policy committee (MPC) has voted unanimously to hold its key interest rate at 0.1%, while downgrading its GDP and inflation predictions for the rest of 2021.

The bank "is now in wait-and-see mode" said HSBC Asset Management macro and investment strategist Hussain Mehdi. "[It is] still providing a signal that tightening will be required in the coming ...

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

Barnett Waddingham hits £160m revenue in 2023/24

Barnett Waddingham hits £160m revenue in 2023/24

Firm’s annual results show year saw range of ‘strategic investment’ and ‘organic growth’

Holly Roach
clock 21 November 2024 • 2 min read
How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Smart Pension launches simulator to assist members with 'pension puzzle'

Smart Pension launches simulator to assist members with 'pension puzzle'

Integrated retirement savings calculator expected to be ‘hugely positive’ for firm’s members

Holly Roach
clock 20 November 2024 • 1 min read
Trustpilot