Bank of England meets expectations with 0.5 percentage point hike

Central bank hikes rates citing 'firmer than expected' inflationary pressures

Elliot Gulliver-Needham
clock • 1 min read
The Bank of England
Image:

The Bank of England

The Bank of England met market expectations today (2 February) after hiking interest rates by 50 basis points to 4%.

With a 7-2 split, the bank's Monetary Policy Committee (MPC) took interest rates to a new 14-year high as it attempted to tackle persistent inflation. UK inflation has remained high despite slow...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

LPPI launches climate solutions-focussed fund

LPPI launches climate solutions-focussed fund

Environmental Opportunities Fund has initial £500m target commitment

Jasmine Urquhart
clock 01 April 2025 • 1 min read
LGPS and MP pension scheme back social infrastructure fund

LGPS and MP pension scheme back social infrastructure fund

First close of the NSIIF to provide £100m investment to be deployed into real estate

Martin Richmond
clock 31 March 2025 • 2 min read
Partner Insight: Robeco Active Quant - It's all about predictable results

Partner Insight: Robeco Active Quant - It's all about predictable results

Robeco
clock 31 March 2025 • 5 min read
Trustpilot