The Bank of England (BoE) and the US Federal Reserve (Fed) are “singing from the same hymn book”, viewing inflation rises as a passing phase rather than a permanent worry.

The BoE’s Monetary Policy Committee announced today (18/03/21) that it was holding interest rates steady at 0.1 percent.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: “Although the bank is clearly still operating in crisis mode, continuing to heavily grease the financial wheels of the economy, it is shrugging its shoulders at the mini tantrum which has been playing out in the bond markets.

Bond yields...