The Bank of England (BoE) has decided to keep interest rates on hold at 0.1% as the UK economy continues to recover from the impact of the COVID-19 pandemic. The central bank also left its asset purchase program unchanged at £895 billion. The decision comes as inflation in the UK remains above the BoE’s 2% target, with policymakers noting that higher energy prices are likely to push inflation even higher in the coming months. Despite this, the BoE expects inflation to fall back towards its target in the medium term as the temporary factors driving up prices fade. The central bank also highlighted persistent risks to the UK economy from the ongoing pandemic and uncertainties surrounding global trade.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
