The Bank of England has raised interest rates by 50 basis points to 3.5%, in a split decision from the central bank's Monetary Policy Committee (MPC).
The hike, announced today (15 December), came following the news the UK's inflation rate had dropped to 10.7% in November. Six MPC members voted to hike rates by 0.5%, while two members, Swati D...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
