BofE warns further rate hikes 'pose material risk'

MPC member urged for a halt to further increases

clock • 1 min read
BofE warns further rate hikes 'pose material risk'

Bank of England (BofE) monetary policy committee member Swati Dhingra has called for a stop to additional rate hikes, as they could have a damaging effect in the medium term.

In her speech given at the Resolution Foundation, Dhingra argued that monetary policy usually takes around a year to affect inflation. And with interest rates having already risen by 390 basis poin...

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 Industry

IFoA report highlights actuarial involvement with cyber risk management

IFoA report highlights actuarial involvement with cyber risk management

IFoA said cyber risk is a ‘significant and evolving risk’ for actuaries to monitor

Holly Roach
clock 09 December 2024 • 2 min read
Combined FTSE 100 scheme surplus surpasses £65bn

Combined FTSE 100 scheme surplus surpasses £65bn

LCP says scheme funding levels improved during November

Holly Roach
clock 09 December 2024 • 1 min read
Solving the problem of pensions for the self-employed

Solving the problem of pensions for the self-employed

Stephanie Hawthorne says millions of the UK’s self-employed are being left out of pensions

Stephanie Hawthorne
clock 09 December 2024 • 11 min read
Trustpilot