Bank of England in 'wait-and-see-mode' as it maintains interest rates at 0.1%

Core inflation reaches highest rate since 2011

clock • 2 min read
The Bank of England has voted to keep interest rates unchanged

The Bank of England has voted to keep interest rates unchanged

The Bank of England’s Monetary Policy Committee (MPC) has voted unanimously to hold its key interest rate at 0.1%, while downgrading its GDP and inflation predictions for the rest of 2021.

The bank "is now in wait-and-see mode" said Hussain Mehdi, macro and investment strategist at HSBC Asset Management. "[It is] still providing a signal that tightening will be required in the coming quarters...

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