BoE makes fifth consecutive interest rates hike

Further rise could spell good news for pension scheme sponsors

clock • 2 min read
BoE makes fifth consecutive interest rates hike

The Bank of England (BoE) has made its fifth consecutive rates rise, hiking interest rates from 1% to 1.25%.

The central bank's monetary policy committee (MPC) has today (16 June) voted six to three to raise rates by 25 basis points (bps), with the rest voting for a 50 bps rise. This move was widely ex...

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