Taking Stock 

Will they, won’t they?

Taking Stock

Will they, won’t they?

At some point, all of the think pieces discussing the impact of a rise in UK interest rates will get their road test. After a lost decade for savers, and a decade of grace for borrowers, and a decade of higher asset prices for investors, that point may come in November. Or it won’t. The Bank of England’s monetary policy committee voted by seven to two in favour of keeping its bank rate at 0.25 per cent*. But they also judged that, were the economy to continue in its current path of underlying inflationary pressure and a reduction in ‘slack’, or spare capacity, “some withdrawal of monetary stimulus is likely to be appropriate over the coming months".

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