Mixed signals on interest rates

For anyone wanting to know when interest rates will rise, it has been another confusing week.

It's been another confusing week for anyone wondering when UK interest rates will finally rise again. Inflation data was surprisingly weak in July the consumer price index (CPI) rose by just 1.6% on last year, from 1.9% in July.

However, minutes from the latest Bank of England meeting showed that opinions were split for the first time since July 2011. Not one, but two of the nine Monetary Policy Committee (MPC) members voted to raise the key interest rate by 0.25% at the meeting on 7 August.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.