Bank of England leaves UK interest rates on hold at 0.1% – business live – The Guardian

On the upside, for example, receding fears of infection, further progress in the vaccination programme, the extension of government support schemes, and less voluntary social distancing could allow households to resume more normal spending behaviour and start to run down a greater proportion of their accumulated savings than had previously been anticipated, boosting jobs and investment.

On the downside, households and businesses could continue to exercise caution in their consumption and investment decisions, while delays in vaccination programmes globally or the emergence of vaccine-resistant variants of the virus could trigger a renewed rise in infections and further periods of restrictions on economic activity in the future