Bank Of England Monetary Report February 2021
Bank Of England Monetary Report February 2021
In a UK economy that is expected to grow by 5 percent by the Bank Of England it is highly unlikely that the Bank Of England Monetary Policy Committee is going to go negative on UK interest rates in 2021 or 2022. Barring a serious issue with Covid19 variants, there is only one way UK interest rates are going to go from a record low of 0.1 percent and thats upwards as UK business and economy growth accelerates towards the end of 2021 into 2022.
Sure the Bank Of England wants people to prepare for negative interests just as the UK needs to prepare for COVID19 variants. However that does not mean the Bank Of England will turn to negative interest rates.
What this mean for business leaders in the UK and those business leaders wishing to trade in the UK, is that they must prepare urgently to respond very quickly to massive growth in business opportunities in 2021 and 2022.
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