Aberdeen's Webb: Higher inflation will force BoE to raise rates in early 2018

More risks in UK than Europe

Roger Webb, head of pan-European credit at Aberdeen Asset Management, has said higher inflation in the UK, due to wage and commodity price pressures, will force the Bank of England (BoE) to raise rates in early 2018.

On the 23 March, the Office for National Statistics (ONS) revealed UK inflation had climbed to 2.3% in February from 1.8% the previous month, above the BoE's 2% target for the first time since 2013. Big Question: How are you positioned from a fixed income perspective as we head into a global inflationary environment? Although the BoE have not indicated a rate hike is on the cards, commentators recently said the Monetary Policy Committee faces a tough balancing act amid strength in the economy and higher inflation. As a result, Webb said he has been taking risk off the table as he w...