BoE faces 'sliding door' moment as it holds the interest rate

Bank rate to remain 0.1%

clock • 2 min read
Bank of England leaves interest rates and QE stimulus unchanged
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Bank of England leaves interest rates and QE stimulus unchanged

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously to maintain the bank rate at 0.1%, with experts giving the decision the nod of approval, claiming it is right to wait, but divided as to when the BoE will turn hawkish.

BoE has revised up its expectation for the level of UK GDP in 2021 Q2 by around 1.5% since the May Report, as restrictions on economic activity have eased. The MPC expect the impact of commodity price...

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