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

UK Pensions Awards 2026: Entries close today!

UK Pensions Awards 2026: Entries close today!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 23 January 2026 • 3 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PMI secures full buyout with L&G, Dr. Martens scheme and PIC complete buy-in, M&G sees 65% increase in BPA market

Professional Pensions
clock 23 January 2026 • 1 min read
Trustpilot