CITY VIEWS: WAS THE BANK OF ENGLAND RIGHT TO KEEP INTEREST RATES ON HOLD?

ALEX WINSTANLEY | AVIVA

“I am happy the Bank is keeping interest rates at the current level. We’re in a challenging period at the moment. I am confident with what the government is doing but we need to take stock and possibly look at what Europe is doing.”

LAWRENCE CHIR | BLACKROCK

“At the moment I think the Bank is doing the right thing. There is sufficient reason to keep rates low and it would be far too risky to raise them. But I do think the rates will have to go up sometime soon.”

ALEJANDRO WORTHINGTON | KENNEDYS

“It’s good for home owners, but bad for people with savings. The fact that the Bank doesn’t feel it can raise interest rates is a cause for concern.”