Bank of England hikes interest rates by 25bps

MPC referenced ‘large and volatile moves in global financial markets’

Elliot Gulliver-Needham
clock • 4 min read
Bank of England hikes interest rates by 25bps

The Bank of England (BoE) has hiked interest rates by 25 basis points, as the turmoil in the banking sector clashes with the central bank's desire to bring down inflation.

In a seven/two split, the central bank chose to increase interest rates to 4.25%, with two members voting to maintain rates at 4%. The bank's Monetary Policy Committee (MPC) referenced the "larg...

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

Workers concerned about potential pensions tax changes

Workers concerned about potential pensions tax changes

Penfold research finds majority are concerned changes could be announced in the Budget

Martin Richmond
clock 06 October 2026 • 2 min read
Webinar: The rise of the total portfolio approach – register now

Webinar: The rise of the total portfolio approach – register now

Webinar will be held in association with L&G at 10am on Friday 9 October

Professional Pensions
clock 06 October 2026 • 1 min read
Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Among those aged between 55 and 64

clock 05 October 2026 • 2 min read
Trustpilot