When the Bank of England’s Monetary Policy Committee held interest rates at 0.1%, despite rising inflation fears, Adam Walkom was one of several market commentators who was not surprised by the decision to hold rates and maintain quantitative easing.

Adam Walkom, co-founder of Financial Planning firm Permanent Wealth Partners, does not expect the bank to raise rates any time soon.

He said: “When it comes to interest rates, the Bank of England, like every other Central Bank around the world, is committed to let the economy run hotter for longer, as it is looking to see some inflationary pressures as a sign that the economy is growing quickly. With this philosophy, there is no way they will raise rates any time soon. They will do their best to warn around inflation if it does start to really perk up, but words and action are two very different things.”

Read the article in full: www.financialplanningtoday.co.uk/news/item/13412-bank-of-england-maintains-rate-at-0-1