The Bank of England's Monetary Policy Committee (MPC) has voted to maintain Bank base rate at 5.25%.
Commenting on the decision, Paul Niven, head of asset allocation at F&C Investments in London, said: "No change was expected after the February minutes from the MPC meeting indicated that they would adopt a 'wait and see' approach to the impact of recent monetary tightening. Pressure for further hikes has moderated as inflation fell to 2.7% in February, down from the 3% December reading, which was at an 11-year high. This is despite the Bank's biggest 'upside risk' of wage inflation, which has risen at the fastest pace for five years. "In addition, recent turmoil in financial markets has p...
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