Thursday, 5 March 2015
Six years of record low UK interest rates, and few signs of policy tightening soon
The Bank of England held interest rates at 0.5% at the March meeting of the Monetary Policy Committee, marking the six-year anniversary of record-low interest rates. While the current UK economic performance is perhaps the best we’ve seen since the financial crisis struck, there are many reasons to believe that any increase in interest rates from this all-time low still looks a long way off. This combination of solid growth and loose policy has lured overseas money into UK-exposed investments at a record rate so far this year.