UK interest rates establish on hold with post-Covid boom expected to fill impact on prices in coming monthsThe Bank of England expects the strength of Britain’s economic recovery to push inflation above 3% by the end of the year before falling back in 2022 as the post-Covid boom slows down.
Policymakers on Threadneedle Streets monetary policy committee (MPC),who fill near under pressure to signal when interest rates will rise in response to higher levels of inflation, said the Bank’s base rate should remain at 0.1% until the economic outlook was more certain.
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Source: theguardian.com