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
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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 ...

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