Bank of England hikes interest rates by 25bps

MPC referenced ‘large and volatile moves in global financial markets’

Elliot Gulliver-Needham
clock • 4 min read
Bank of England hikes interest rates by 25bps

The Bank of England (BoE) has hiked interest rates by 25 basis points, as the turmoil in the banking sector clashes with the central bank's desire to bring down inflation.

In a seven/two split, the central bank chose to increase interest rates to 4.25%, with two members voting to maintain rates at 4%. The bank's Monetary Policy Committee (MPC) referenced the "larg...

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

Industry expects US tariffs to have adverse effect on scheme investments

Industry expects US tariffs to have adverse effect on scheme investments

PP survey finds 76% expect US government’s tariffs to have an adverse effect

Martin Richmond
clock 17 April 2025 • 2 min read
Industry not in favour of using pension savings for house deposits

Industry not in favour of using pension savings for house deposits

PP survey finds most do not agree with allowing early access to pension funds to help buy a house

Holly Roach
clock 17 April 2025 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

LGPS pooling plans rejected, XPS Group pre-close trading update, Aon warning amid market turbulence

Professional Pensions
clock 17 April 2025 • 1 min read
Trustpilot