Investment Clock insights

Bank of England: keeping August in play

Melanie Baker

21 June 2018

The minutes were a touch more hawkish than last month. As expected, the Bank of England decided to keep rates on hold, but the vote was closer than anticipated at 6-3 rather than 7-2.  Although the majority of Monetary Policy Committee members aren’t in an immediate hurry to raise rates, there was a sense of the door being kept firmly open for a rate rise in August.

The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice.