UK BoE On Hold But Split Vote Highlights Inflation Concerns

The Bank of England kept interest rates on hold at 3.75% amid a split committee vote and mixed UK economic signals. UBS maintains a constructive view on sterling bonds while monitoring wage growth and inflation indicators.

Key Takeaways

• 1.The Bank of England kept the Bank Rate unchanged at 3.75% in a 7-2 vote.
• 2.UBS favors short- to medium-term sterling bonds due to attractive carry yields.

Table of Contents

• UK: BoE on hold, but split vote highlights inflation concerns
• Wait and see
• Value in bonds and sterling

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