Charity investment services to benefit as Bank maintains 0.5% base rate?

Charity investment services could find more interest in their product, as the Bank of England Monetary Policy Committee (MPC) yesterday voted to maintain the base rate at 0.5 per cent.

It has remained at this level since March 2009 and the low returns on savings as a result of the inflation-control measure may be encouraging individuals with private wealth to seek alternative investment vehicles.

And charity investment services could be one beneficiary, as people become more aware of alternative assets due to poor equity returns following the recession.

MPC members also voted to maintain the stock of asset purchases financed through central bank reserves at £200 billion.

Minutes of the meeting will be released later in the month and many experts predict committee member Andrew Sentance will have again voted for an increase in the base rate.

For two months running he has called for the rise in order to control the threat of inflation and recent good gross domestic product figures may have resulted in others joining him.  ADNFCR-2318-ID-800015395-ADNFCR