“The Bank of England made the right decision today, but it remains in a difficult position. Economic data so far are better than expected, yet there are still justifiable concerns about firms and consumers holding off on large investments. If economic conditions continue to hold up, the Monetary Policy Committee should refrain from further loosening monetary policy.
“While the focus on the timing and shape of Brexit remains a natural and justifiable worry, investors should not allow this to obscure concerns about the ability of the Bank to effectively intervene in a future crisis. Longer-term, interest rates will have to be brought back to a more normal level.”
Head of Communications
020 7451 3285
020 7451 3280
A range of essential products and services handpicked for you.
Save 5% on specialist business insurances including Cyber & Data Risks, Office and Professional Indemnity
Best exchange rate guarantee and no fees on money transfers
Save up to 35% on policies that protect against the personal risks faced in director-level roles
Protect your biggest asset with award winning home insurance, members save 12.5%