Bank of England

Services inflation in decline alongside gas and electricity prices

This marks the first drop since 2020

Contingent NBFI repo facility aims to tackle gilt market dysfunction

Remains at the BoE’s target level

Industry warns trustees and sponsors to avoid complacency despite positive movement

ONS GDP growth data revised from initial estimate of 0.6%

Move comes despite return to CPI target

Interest rates held at 5.25% for sixth time in a row

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Bank's decision marks fifth consecutive hold of rates at current level