BBR held at 0.5% 08.04.2010

Author: David Whittaker Posted on: 08 April 2010

Today's announcement that the MPC was keeping BBR at 0.5% was no surprise - indeed it would have been difficulty to reach any other decision, political considerations not withstanding...

The economy is stuttering but appears at least to be level - so no comfort to either Labour or Conservatives there and for the time being Sterling is stable albeit at low levels but avoiding the unwelcome focus on the Euro brought about by the contunuing problems in Greece - SWAP rates are still very low so inflation seems remote despite some local short term spikes.

Keep UK off everyone's radar until post 6 May would be a good idea but sadly events have a habit of getting in the way....

Author: David Whittaker