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Bank of England holds base rate again


The Bank of England has again voted to hold the Base Rate at 0.5 per cent, marking 78 consecutive months without change.

In a vote of the MPC’s nine members, only one dissented, with Ian McCafferty arguing the base rate should be increased by 25 basis points.

McCafferty cited fears that an rising level of domestic costs might lead to inflation increasing beyond its target of 2 per cent.

The most recent figures from the Bank recorded inflation at 0.1 per cent.

The MPC also voted unanimously to maintain quantitative easing at £375bn.


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Tyrie demands MPC code of conduct overhaul

Treasury select committee chairman Andrew Tyrie has written to the Bank of England to demand a review of its code of conduct for monetary policy committee members. In a letter to Bank governor Mark Carney today, Tyrie says the appointment of Gertjan Vlieghe to the committee suggested the need for an overhaul. Vlieghe was appointed […]


Lone MPC member voted for rate increase

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MPC warns over slow UK growth

The Bank of England’s monetary policy committee has again voted unanimously to preserve the base rate at 0.5 per cent, while also noting that growth in UK GDP and productivity has slowed. The Bank’s committee says it will act to return inflation to its 2 per cent target, up from the zero reported by the […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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