X

X

BoE hikes rates to 0.75% as expected

esg climate green

The Bank of England hiked interest rates as expected on Thursday by 25 basis points.
The Monetary Policy Committee voted 8-1 to lift rates to 0.75%, with only deputy governor Jon Cunliffe voting against a hike. This marked the third time the Bank has upped interest rates in four months as it looks to combat surging inflation.

Inflation is currently at a 30-year high of 5.5%, versus the Bank’s target of 2%.

This Week’s Most Read

Latest IFA Magazine Podcast Episodes

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine