BoE expected to raise interest rates as inflation rises - reports

0.15 percentage points

clock • 3 min read
The Bank of England is itself targeting net zero before 2050
Image:

The Bank of England is itself targeting net zero before 2050

The Bank of England (BoE) could announce an interest rate hike on Thursday (4 November) marking a departure from the almost two-year all-time low for the official rate of 0.1% since the start of the coronavirus pandemic in March last year, according to a report in the Financial Times.

According to the report, traders estimate the central bank will tighten its monetary policy by at least 0.15 percentage points, though it also highlights that some economists and investment experts are more sceptical. The move would follow months of global debate around increasing inflationary pressure and the knock-on effects of inflation on the economy and financial markets. New BoE forecasts are expected to see inflation surpass 5% next year and exceed the bank's 2% target for longer than previously anticipated. Uncertainty still remains, however, as to whether the Monetary Poli...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Dan Green, portfolio manager at Martin Currie

Three sectors that will benefit from the digital economy

E-commerce, the auction industry and cybersecurity

Dan Green
clock 12 August 2022 • 3 min read
Mike Preston, partner at Cleary Gottlieb

Private equity in sport: A growing opportunity

Expected to grow to $500bn

Mike Preston
clock 11 August 2022 • 4 min read
Partner insight: Out of the wilderness

Partner insight: Out of the wilderness

Solving the problem of inertia in cash gives opportunities to both advisers and their clients, say Flagstone's Claire Jones and Grovewood Wealth Management's Lynne Gadsden.

Lynne Gadsden @ Flagstone
clock 11 August 2022 • 1 min read
Trustpilot