Low interest rates on cash savings are driving over half (54%) of adults to move money into investments, according to a new report.

The Bank of England’s Monetary Policy Committee (MPC) has held interest rates at 0.1%, and stuck to its £895bn asset purchase target, despite inflation fears.

Bank of England policymakers have held interest rates at the record low of 0.1% as it expects the UK’s economic recovery to gather pace.

Markets are pricing in the Bank of England keeping the base rate low, or even cutting it further, throughout 2021 despite the roll out of Coronavirus vaccines and the emergence of a Brexit deal, according to AJ Bell.