Bank of England hikes interest rates again as it struggles to tame inflation

Back

The Bank of England’s (BoE) monetary policy committee (MPC) raised interest rates by a further 0.25% to 4.25%, meeting consensus expectations. This was down from the 0.50% increase at its previous meeting, when it said that  a further deterioration in the inflation outlook would be needed to raise rates further. However, since then the collapse of Silicon Valley Bank and the forced bail-out of Credit Suisse have led to concerns about the global banking sector. Yet, these risks appear not to have swayed the committee.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.