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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

'Solid action plan' needed to ensure LGPS general code compliance

'Solid action plan' needed to ensure LGPS general code compliance

Hymans says LGPS funds need clear evidence to demonstrate compliance of TPR's code

Holly Roach
clock 24 May 2024 • 1 min read
PensionBee updates on US expansion

PensionBee updates on US expansion

Customers to consolidate retirement plans into new individual account

Jasmine Urquhart
clock 24 May 2024 • 1 min read
WSB Awards 2024 - Last chance to enter!

WSB Awards 2024 - Last chance to enter!

The 12th anniversary WSB Awards will be presented in London on 5 September

Workplace Savings and Benefits
clock 24 May 2024 • 2 min read
Trustpilot