Bank of England holds rates amid stronger growth and inflationary outlook

Mike Sheen
clock • 2 min read

The Bank of England’s monetary policy committee has voted unanimously to hold its key interest rate at 0.1%, with the central bank now forecasting a stronger outlook for GDP growth and inflation.

GDP growth is now expected to reach 7.3% in 2021, while the inflation rate expected to jump from 0.7% closer to the bank's 2% target in Q2 and Q3, according to the May MPC report. The bank also ...

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

Isio completes K3 advisory acquisition

Isio completes K3 advisory acquisition

Acquisition follows approval from the Financial Conduct Authority

Holly Roach
clock 07 February 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DB surplus extraction plans, £25m buy-in, bulk annuity sustainability collaboration launch

Professional Pensions
clock 07 February 2025 • 1 min read
News Digest: Kensington and Chelsea council to stop paying into staff pensions

News Digest: Kensington and Chelsea council to stop paying into staff pensions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 07 February 2025 • 1 min read
Trustpilot