Kames CIO: Growth concerns will mean no UK rate hike next year

Anna Fedorova
clock

Kames Capital's CIO Stephen Jones expects the Bank of England to hold interest rates throughout next year, despite expectations of an upcoming hike.

Though the consensus is for a first hike in H1 2015, the chief investment officer has joined a growing number of investors who predict the central bank's Monetary Policy Committee (MPC) will err on the side of caution. Jones believes the MPC will submit to the pressures of slowing growth and hold off from hiking rates for another year. The CIO (pictured) said: "The rhetoric from central banks continues to differ from their actions. They have had a core bias to support growth and ignore inflation since the credit crisis, and I think that will persist next year. We do not expect a rate ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot