Article preview: The votes are in and, unsurprisingly, the Bank of England’s Monetary Policy Committee has decided to keep interest rates on hold. The decision to keep interest rates on hold at their historic low of 0.1% was widely expected, despite some investor concerns about the prospect of rising price inflation. It was a unanimous decision by the nine members of the Monetary Policy Committee, who also voted to maintain their asset purchase programme of quantitative easing at £895 billion.
Interest rates on hold with “unusually uncertain” economic outlook
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This 450-word blog post looks at the latest Bank of England Monetary Policy Committee decision on interest rates and quantitative easing. Written on 18th March 2021.
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