Article preview: The Bank of England keeping interest rates on hold at their record low of 0.1% came as no surprise. However, a more optimistic outlook for the UK economy was a pleasant surprise and has buoyed investors confidence about improved growth prospects. At the latest Monetary Policy Committee meeting, the Bank upgraded its economic growth forecast for the UK. Also, it gave a clear signal that interest rates are unlikely to rise in the near term.
Economic optimism from the Bank of England
This 422-word blog post considers the latest Bank of England Monetary Policy Committee meeting and forecasts. Written on 7th May 2021.
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