BofE warns further rate hikes 'pose material risk'

MPC member urged for a halt to further increases

clock • 1 min read
BofE warns further rate hikes 'pose material risk'

Bank of England (BofE) monetary policy committee member Swati Dhingra has called for a stop to additional rate hikes, as they could have a damaging effect in the medium term.

In her speech given at the Resolution Foundation, Dhingra argued that monetary policy usually takes around a year to affect inflation. And with interest rates having already risen by 390 basis poin...

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 Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

A £540m buy-in, L&G passes through integration testing with PDP and Broadstone partners with PE firm

Professional Pensions
clock 10 January 2025 • 1 min read
News Digest: The no-nonsense judge who gave divorced women a share in their husbands' pensions

News Digest: The no-nonsense judge who gave divorced women a share in their husbands' pensions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 January 2025 • 1 min read
PPF improves gender balance in senior management roles

PPF improves gender balance in senior management roles

Lifeboat fund exceeds targets with women making up 48% of senior manager roles

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Trustpilot