Article preview: The latest interest rate decision from the Bank of England came as little surprise. Rates remain on hold at 0.75%, with continued Brexit uncertainty seemingly paralysing the Monetary Policy Committee. What was perhaps more interesting than the rate decision was the accompanying commentary, suggesting that rates could stay lower for longer. Members of the rate-setting committee also commented that the UK should avoid slipping into recession this year, despite the pressure of Brexit and trade concerns.
Interest rates on hold as uncertainty persists
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This 465-word blog post covers the latest interest rate decision from the Bank of England (September 2019) along with their forecast for the UK economy, during a continued period of Brexit uncertainty. Written on 20th September 2019.
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