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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Members apathetic towards pensions, study finds

Members apathetic towards pensions, study finds

Research finds majority of savers prioritised checking social media or fitness apps over their pensions

Martin Richmond
clock 24 September 2026 • 3 min read
News Digest: Families risk losing inheritance tax discount because of pension reforms

News Digest: Families risk losing inheritance tax discount because of pension reforms

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

Professional Pensions
clock 24 September 2026 • 1 min read
L&G targets 10% job cuts to tackle 'complex' structure

L&G targets 10% job cuts to tackle 'complex' structure

Firm says job cuts represent 'the next stage' of its transformation

Cristian Angeloni
clock 23 September 2026 • 1 min read
Trustpilot