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.

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