At its meeting in February, the Bank of England (BoE) maintained the bank rate at a record low of 0.10%, where it has remained since March 2020.

The Bank of England kept Base Rate at 0.1% in November and the indications are that Base Rate will continue at that level well into 2021 as long as inflation doesn’t spike.

The Bank of England slashed interest rate cuts on the 11th and 19th March 2020 to the lowest level on record to try and reduce the economic impact of the coronavirus outbreak. So what can we expect now?

As the new decade dawns, we find ourselves in the UK in a more certain position than at any time over the last three years – but it is still very difficult to predict where our economy will go in…