The Bank of England has hiked interest rates by 25 basis points, in line with expectations from the market as the bank continues to struggle to lower inflation.
The bank's Monetary Policy Committee (MPC) hiked interest rates from 4.25% to 4.5%, by a vote of seven to two, with two members voting to keep interest rates unchanged. In the MPC's report, it s...
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
