Bank of England meets expectations with 0.5 percentage point hike

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

Elliot Gulliver-Needham
clock • 1 min read
The Bank of England
Image:

The Bank of England

The Bank of England met market expectations today (2 February) after hiking interest rates by 50 basis points to 4%.

With a 7-2 split, the bank's Monetary Policy Committee (MPC) took interest rates to a new 14-year high as it attempted to tackle persistent inflation. UK inflation has remained high despite slow...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Powering the future - The strategic role of data centres in the AI evolution in Europe

Partner Insight: Powering the future - The strategic role of data centres in the AI evolution in Europe

Data centre demand is surging, driven primarily by the rapid evolution of AI technologies. In PIMCO’s view, this represents a significant opportunity for investors in European data centres.

Kirill Zavodov, Executive Vice President, Portfolio Manager @ PIMCO
clock 17 July 2024 • 5 min read
GMPF joins secure income property trust

GMPF joins secure income property trust

LGPS fund commits to fund to provide social housing for vulnerable individuals

Martin Richmond
clock 16 July 2024 • 2 min read
Access LGPS pool provides funding for L&G affordable housing strategy

Access LGPS pool provides funding for L&G affordable housing strategy

LGPS pool has provided £125m to manage L&G’s newly-launched strategy

Holly Roach
clock 15 July 2024 • 2 min read
Trustpilot