Interest rates remain static

However, the vote has prompted yet more speculation rates will rise 25 basis points next month in a bid to keep inflation in line. Recent economic data has shown UK inflation edging up and retail sales still growing strongly. The last change in interest rates was back in January when the MPC unexpectedly decided to raise it by 0.25pc. And analysts had predicted another rise this month. Chris Iggo, senior strategist at AXA Investment Managers, said continuing upfront inflation concerns would prompt the hike. He told Professional Adviser yesterday: “Second guessing the MPC has ...