'Paralysed' BoE keeps interest rates at 0.1%

Mirrors Fed

clock • 1 min read

The “paralysed” Bank of England (BoE) remained in “wait-and-see mode” as it delayed a potential interest rate cut until after Brexit negotiations conclude.

The Bank kept rates at 0.1% on Thursday (17 December), mirroring Wednesday's move from the US Federal Reserve, as it awaits news of whether or not the UK will secure a trade deal with the EU. Markets continue to price in a one-in-four chance of a 2021 cut, which would take the Bank Rate into negative territory for the first time, but for now Quilter Investors' Hinesh Patel said the Bank was "paralysed to the outcome of a Brexit deal". Patel added the Bank was "simply in wait and see mode before responding to any further economic threats", adding: "For just now they remain as accommo...

To continue reading this article...

Join Professional Adviser for free

  • 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 Investment

As good as... Should investors rely on gold to protect portfolios during market dips?

As good as... Should investors rely on gold to protect portfolios during market dips?

'Gold is often bought more on hope than expectation'

James Flintoft
clock 04 December 2025 • 3 min read
Darius McDermott: The uncertain future of the US dollar

Darius McDermott: The uncertain future of the US dollar

'Investors need to be aware of the potential vulnerability of the dollar'

Darius McDermott
clock 03 December 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Unlocking Opportunities Beyond the US: Why now for the Baillie Gifford Managed Fund

Watch Professional Adviser's Working Lunch with Baillie Gifford - Unlocking Opportunities Beyond the US: Why now for the Baillie Gifford Managed Fund

Catch up on the discussion

Professional Adviser
clock 01 December 2025 • 1 min read