Our monthly economic review is intended to provide background to recent developments in investment markets as well as to give an indication of how some key issues could impact in the future. It is not intended that individual investment decisions should be taken based on this information; we are always ready to discuss your individual requirements. We hope you will find this review to be of interest.
Interest rates remain on hold:
The Bank of England (BoE) has once again left interest rates unchanged while reaffirming its belief that nearterm monetary policy will remain inextricably linked to Brexit. All nine members of the Monetary Policy Committee (MPC) voted to leave rates on hold following their latest meeting on 21 March. This marks the seventh month in a row that rates have remained unchanged since they were raised from 0.5% to 0.75% in August last year.