No Rate Increase or Change in QE at Bank of England, Expects Around 5% Inflation in Spring 2022

Posted on 11/04/2021


In a surprise move to some economists and investors, the Bank of England’s Monetary Policy Committee held interest rates by voting 7-2 to keep its benchmark interest rate unchanged at its historic low of 0.1%. 6-3 voted in favor of continuing the existing program of U.K. government bond purchases at a target stock of £875 […]

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