BoE to 'sit on its hands' before pulling trigger on further economic support

Sights set on 2% inflation target

Mike Sheen
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December's Monetary Policy Committee meeting saw the Bank's key interest rate maintained at 0.1%
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December's Monetary Policy Committee meeting saw the Bank's key interest rate maintained at 0.1%

The Bank of England (BoE) is expected to return to business as usual in 2021, refocusing its attention on its 2% inflation target, but further economic damage wrought by the coronavirus pandemic and Brexit could spur additional asset purchases and the 'nuclear option' of negative interest rates by the second half of the year.

The Office for Budget Responsibility forecasts anticipate GDP growth of 5.5% in 2021, the strongest growth rate for more than 30 years, but economists warn this could be derailed and the BoE could be forced...

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