Andy Haldane rebels as BoE leaves rates unchanged at 0.5%

'No surprise if August hike shelved'

Tom Eckett
clock
Bank of England leaves rates unchanged at 0.5%
Image:

Bank of England leaves rates unchanged at 0.5%

The Bank of England (BoE) has held interest rates at 0.5%, following a string of weak data, although three MPC members voted to hike rates including BoE chief economist Andy Haldane.

Voting to hike rates with Haldane was 'perma-hawk' Ian McCafferty and Michael Saunders, who were the only two members who voted to increase rates at the previous Monetary Policy Committee (MPC) meeting...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets