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

Mansion House speech: What does it mean for the investment and pension landscape?

Mansion House speech: What does it mean for the investment and pension landscape?

Focus on private markets opportunities

Cristian Angeloni
clock 22 November 2024 • 1 min read
Sustainable and impact briefs to make up half of private market portfolios in next two years

Sustainable and impact briefs to make up half of private market portfolios in next two years

Asset owners say they can achieve better social and environmental outcomes through private markets

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Liquid alternatives can increase scheme resilience, Aon says

Liquid alternatives can increase scheme resilience, Aon says

Firm says these assets can help UK schemes improve portfolio resilience while generating returns

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Trustpilot