Same old hold but consumers need to be wary of inflation

9 July 2009

David Kuo, Director at popular financial website The Motley Fool - Fool.co.uk says: "It is no surprise that the Bank of England has kept interest rates on hold. The UK economy continues to stutter under the weight of consumer debt accumulated over the years.

"We expect the bank to continue printing money to prevent the economy from stalling. But we need to be acutely aware of inflation. It is as damaging to our wealth as the credit crunch, but at least we can insure against it by investing in real assets."