Bank of England hikes rates by 25bps to 5.25%

Highest rates since February 2008

Elliot Gulliver-Needham
clock • 3 min read
Bank of England hikes rates by 25bps to 5.25%

The Bank of England has raised interest rates by 25bps to 5.25%, bringing rates to their highest since February 2008.

In a 6-3 vote, the central bank's Monetary Policy Committee (MPC) voted to hike rates by 25bps, with two voting for a 50bps hike and one voting for no change. Expectations for the peak o...

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

Chances of interest rate hike 'diminished' as UK inflation steady at 2.8%

Chances of interest rate hike 'diminished' as UK inflation steady at 2.8%

BoE meeting on Thursday 18 June

Michael Nelson
clock 17 June 2026 • 2 min read
News Digest: Teachers' pensions contribution cut 'highly likely'

News Digest: Teachers' pensions contribution cut 'highly likely'

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 17 June 2026 • 1 min read
National Coalition for Workplace Savings launches

National Coalition for Workplace Savings launches

Group aims to increase number of employees able to access workplace savings schemes

Jonathan Stapleton
clock 16 June 2026 • 3 min read
Trustpilot