Bank of England holds rates at 0.5% for 37th consecutive month

In an unsurprising decision the Bank of England’s Monetary Policy Committee (MPC) has left interest rates on hold at 0.5%. It is over three years since the Bank of England last changed interest rates and there seems no sign of an rate rise anytime soon. Concerned about low interest rates? Our advisers can help...

More money should be pumped into the economy to boost recovery says member of MPC

The Bank of England should inject more money into the economy to strengthen the road to economic recovery, according to a member of the monetary policy committee. Adam Posen suggested that quantitative easing (QE) should be resumed to increase the supply of money in the UK - a strategy that has pumped £200 billion into the economy already. In a speech to the Hull and Humber Chamber of Commerce he advocated action and posited that current measures alone, such as low interest rates, would not be sufficient to promote a recovery.