United Kingdom


  • Industry: Business Services
  • Type: Press release
  • Date: 07/08/2014

Labour market holds the key to UK interest rates 


Yael Selfin, Economics Director at KPMG comments on today’s Bank of England vote to maintain the Bank Rate at 0.5%. She said:


“Despite strong economic performance the Bank of England chose to keep interest rates unchanged today as expected. The big dilemma come Autumn will be how to reconcile conflicting signals from the labour market with strong growth and vulnerable consumers in an inflation environment that is still low.”





Media enquiries:


Ann Burton, KPMG Press Office

020 7311 6497(t), 07467 339719 (m) or ann.burton@kpmg.co.uk


KPMG Press Office: 020 7694 8773


About KPMG


KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.


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