UK | Investment
Monthly Review - May 2018
UK Economic Briefing - May 2018The Bank of England’s Monetary Policy Committee (MPC) voted by 7-2 to keep rates on hold at 0.5%, with no change in asset purchases and corporate bond holdings at GBP435bn and GBP10bn respectively.
- This was largely down to the weak preliminary estimate of Q1 2018 GDP growth, which came in at 0.1%, below the consensus of 0.3%.
- The MPC meeting minutes reveal members are keen to see how the data unfolds over the coming months.