BOE Holds Interest Rates At 0.1%; FTSE 100 Slips Over 1% From Day’s High

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BOE Holds Interest Rates At 0.1%; FTSE 100 Slips Over 1% From Day’s High

The Bank of England (BoE) on Thursday, 4 February, maintained the key interest rates at 0.1 per cent for the seventh time in a row after the central bank slashed the rates in an exceptional policy review in March 2020. The BoE Governor Andrew Bailey-led Monetary Policy Committee (MPC) meeting fixed the policy target to achieve an inflation figure of 2 per cent, maintaining an “appropriate” stance of the policy.

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