The Bank of England’s Monetary Policy Committee has unanimously voted to keep the bank rate at 0.10%. Adam Walkom was amongst those commenters that believe low rates are here to stay for some time yet.

Permanent Wealth Partners co-founder Adam Walkom says: “When it comes to interest rates, the BoE, 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.”

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