BoE

Savers have seen highest rates since December after BoE raised interest rate to 4.5% in May

Interest rate rise was in line with Fed and ECB

Growth was better than expected but economy is still below pre-Covid size

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

Selling long-maturity and index-linked gilts based on market demands

BoE’s bond market operations conclude after buying a total of nearly £20bn of paper

BoE governor tells schemes to get the rebalancing done by end of the week

The BoE says it stands ready to increase size of daily auctions in final week of intervention

Aaron Punwani says the key question is what is the right level of leverage going forward

Increase in inflation expectations has now added £140bn to DB liabilities since last July