The Bank of England has kept UK interest rates at 0.1%, but indicated future interest rate rises were likely. Interest rates have been at this level since March 2020.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates, voted 7 – 2 to leave interest rates unchanged at 0.1%.
Farrell Financial Planning do not give advice on inflation or future interest rate movements. Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow, Scotland.
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All information is correct as at 04/11/21.