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Podcast: Beyond Currency
Episode: 06 May 2021 - Interest rates on hold but what is the next move?
Description: "The Bank of England’s Monetary Policy Committee meets later this morning and is almost certain to leave both official interest rates and the level of Quantitative Easing unchanged.
In keeping with other G7 nations, the Central Bank wants to be certain that the recovery has solid foundations before it begins to taper bond purchases.
Concerns remain that the withdrawal of the Government’s stimulus measures will have a significant effect on the economy, employment in particular, and could drive the bank into the unprecedented step of introducing negative interest rates later in the year.
With Andrew Bailey having undertaken to p...