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
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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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