Commenting on the Bank of England’s decision to keep interest rates on hold, Melanie Baker, senior economist at Royal London Asset Management, said:
“In contrast to central banks in the US and euro area, the Bank of England continue to keep interest rates on hold. But this pre-Brexit inaction should not be mistaken for a policy freeze.
“Despite global and domestic economic developments in recent months, it is not surprising that the Bank of England decided to be cautious.
“There was at least a hint though of a change in policy stance should a further period of Brexit uncertainty drag on demand growth and inflationary pressure.”
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £130 billion of assets and employs 98 investment professionals as at end March 2019. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued July 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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