Bank of England holds rates flat with MPC split following inflation drop
The MPC voted by five members to four to hold at 5.25%
The MPC voted by five members to four to hold at 5.25%
CPI at 6.7% on an annualised basis versus forecast of 7.1%
Minimum volatility and quality assets best to protect against UK’s lacklustre economic environment
Commentators expecting the Bank of England to hike on Thursday
Key events for UK wealth managers for the week starting 18 September
The slide was much greater than forecasts of 0.2%
Joblessness edged up by 0.1% in August to 4.3%
Ravenscroft’s Bob Tannahill discusses the current disconnect in the market
Commentators have pondered the significance of the three-day meeting
Several industry commentators call for the Bank of England to tread carefully amid a lack of confidence
Signs the cost-of-living crisis is beginning to ease, though a September rate rise looks ‘bolted on’
The Bank hiked by 0.25% to a rate of 5.25%