Interest Rates Held At 0.1% But
Will Rise In Coming Months Bank Of England Hints
The Bank of England
has indicated an interest rate rise in "coming months" to combat high
inflation but held base rates.
At the Monetary
Policy Committee (MPC) on Thursday, policymakers voted 7-2 in favour of no
change from the current record low rate of 0.1%.
Bank governor Andrew
Bailey said the decision had been a "close call", while the MPC said
there was "value" in waiting to see how the jobs market coped with
the end of the furlough scheme.
The UK has resisted
calls to hike rates amid market expectations of 4% inflation by the year end.
I would still expect
rates to go up to 0.25% before too long in order to curb inflation in Europe
and America where prices are rising by over 5% per annum.
US starts ‘tapering’
$120 billion a month bond purchases by $10 billion.
See also:
Buy-to-Let
Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up
- https://youtu.be/4RLroedmkX4
What
Can You Invest In That's Guaranteed To Go Up In Price In 12 Months? The Answer
Will Shock You! - https://youtu.be/_ccb_gTVDkQ
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