Investment Clock insights

Monetary Policy Committee meeting minutes

Ian Kernohan

22 July 2015

The latest Monetary Policy Committee (MPC) minutes showed a unanimous decision to keep interest rates on hold, with recent international developments playing a key role in the discussion.  Assuming a reduction in uncertainty surrounding the position of Greece in the eurozone, and subject to domestic economic data, it looks as if a small group of MPC members will soon be voting for a hike in rates. Our own base case assumption remains that Bank Rates will rise before the end of this year.

The value of your investment and the income from it is not guaranteed and can fall as well as rise. This article is for professional customers only. The views expressed are the author’s own and do not constitute investment advice.