Yael Selfin, Economics Director at KPMG comments on today’s Bank of England’s interest rate decision.
“With inflationary pressures still subdued, it is no surprise that rates have been held today. Despite recent revisions to GDP and productivity, there is still room for further improvements in productivity, to mop up some of the rise in demand over the coming months. Steady falls in unemployment and strong economic growth are likely to see rates rising in February next year.”
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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.