Bank of England surprises markets with 15bps rate hike

The banks say there are suitable economic conditions for its action

clock • 2 min read
The Bank of England
Image:

The Bank of England

The Bank of England’s Monetary Policy Committee (MPC) has voted to raise interest rates from 0.1% to 0.25% in an eight to one decision.

The bank said that the economic conditions it had been waiting for to raise rates had been met, explaining that "the labour market is tight and has continued to tighten, and there are some signs of...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

People's Pension: Long-term thinking the only way to solve our pension savings problem

People's Pension: Long-term thinking the only way to solve our pension savings problem

Patrick Heath-Lay says the latest Pensions Commission report is a clear signal that further reform is needed

Patrick Heath-Lay
clock 22 May 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Pensions Commission interim report, BlackRock launches LTAF and DWP gender pensions gap report

Professional Pensions
clock 22 May 2026 • 1 min read
Women in Pensions 2026: Entries close today!

Women in Pensions 2026: Entries close today!

Individuals and organisations nominated have until the end of today (22 May) to complete entries

Professional Pensions
clock 22 May 2026 • 1 min read
Trustpilot