Calls for better-funded schemes to consider de-risking
A warning for the central bank from the International Monetary Fund
The central bank says it expects inflation to rise to 4% by the end of 2021
The Bank of England has maintained the historic low 0.1% base rate and predicted a gloomy economic outlook for the UK in the face of the Covid-19 pandemic.
The Bank of England (BoE) has cut its interest rate by 15 basis points to 0.1% as the central bank moves to reduce the “economic shock” stemming from the coronavirus pandemic.
The Bank of England (BoE) has implemented an emergency cut in interest rates by 50 basis points in an attempt to stave off the “economic shock” of the coronavirus.
The Bank of England’s monetary policy committee (MPC) has voted by a majority of 7-2 to maintain the interest rate at 0.75%.
A rise in UK inflation back above the Bank of England's 2% target rate will not change the thinking of its Monetary Policy Committee with regards to interest rates, experts have said.
Yesterday's increase in the Bank of England's (BoE) base rate will not have an immediate significant impact on defined benefit (DB) scheme funding but schemes should reconsider their investment allocation, industry commentators have said.
The Bank of England's (BoE) Monetary Policy Committee (MPC) has unanimously voted to increase interest rates by 25 basis points to 0.75%, the highest level in almost a decade.