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News in Review Wednesday 30th June 2021 - HCR IFA
News in Review Wednesday 30th June 2021

News in Review Wednesday 30th June 2021

Last week, the Bank of England’s Monetary Policy Committee (MPC), unanimously voted to maintain base rates at an all-time low of 0.1%. In a statement released on Thursday, the MPC shrugged off concerns over a pick-up in inflation, saying its expectation is that ‘the economy will experience a temporary period of strong GDP growth and above-target CPI inflation, after which growth and inflation will fall back.