23rd November 2021

Stronger-than-expected employment data raises possibility of a UK rate hike

The Bank of England MPC meeting raised eyebrows and furrowed brows in equal measure, as members voted 7-2 to keep UK base rates unchanged at just 0.1% (as they have been since March 2020). The committee also voted 6-3 to leave the existing asset purchase scheme unadjusted for the time being.