The Bank of England’s Monetary Policy Committee has returned to its usual pattern, voting unanimously to keep interest rates on hold at 0.75% this month. It follows a quarter point rate rise in August, the first since last November. This latest interest rate decision was no big surprise, with the markets not pricing in a further rate hike and analysts predicting the policymakers would keep rates on hold this month. The MPC also voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion.
Business as usual at the Bank of England
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This 747 word blog post contains commentary around the latest Bank of England interest rate decision, with rates kept on hold at 0.75% in September, and expectations for future rate rises to be at a gradual pace and to a limited extent.
