Market Comment

back to Market comment

Bank of England holds interest rates at 0.5 per cent for the eighth month in a row

The Bank of England’s Monetary Policy Committee today voted to maintain interest rates at 0.5 per cent for the eighth month in a row. The Committee also voted to continue with its quantitative easing programme, increasing its size by £25 billion to £200bn.

With GDP falling in the third quarter, households reducing their spending substantially and business investment falling, the economy is still fragile. As the MPC focuses on its programme of asset purchasing, it looks as though interest rates will remain low for many months to come.
back to Market comment

Contact us

 

Tel +44 (0) 870 900 7762

Newsletter

Subscribe to our newsletter