BoE makes fifth consecutive interest rates hike

Further rise could spell good news for pension scheme sponsors

clock • 2 min read
BoE makes fifth consecutive interest rates hike

The Bank of England (BoE) has made its fifth consecutive rates rise, hiking interest rates from 1% to 1.25%.

The central bank's monetary policy committee (MPC) has today (16 June) voted six to three to raise rates by 25 basis points (bps), with the rest voting for a 50 bps rise. This move was widely ex...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Consultants

The UK's biggest pension consulting firms by revenue

The UK's biggest pension consulting firms by revenue

PP has analysed the accounts of the biggest pension consulting firms

Jonathan Stapleton
clock 23 June 2022 • 1 min read
Industry Voice: SI dilemmas — is 'E' or 'S' more important?

Industry Voice: SI dilemmas — is 'E' or 'S' more important?

Sustainable investing has become mainstream, but it’s not a perfect science, with many challenges that practitioners must face.

Robeco
clock 17 May 2022 • 2 min read
New research highlights consolidation could address key end game challenges for smaller DB schemes

New research highlights consolidation could address key end game challenges for smaller DB schemes

Stoneport
clock 21 February 2022 • 2 min read
Trustpilot