The Bank of England has once again opted to hold interest rates at 5.25 percent as many wealth managers and economists had predicted.
Of the nine members of the monetary policy committee (MPC), seven voted in favour of holding rates, while two voted to cut by 0.25 percentage points.
Inflation has fallen to 3.2 percent but this is still above the BoE’s target of 2.0 percent, which some – including Hetal Mehta, head of economic research at St James’s Place, be...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
