Schroders predicts rate hikes in December and February

Prediction change follows high inflation numbers yesterday

Following the announcement that inflation had reached 4.2% yesterday, Schroders has changed its forecast for the Bank of England, predicting a rate hike next month.

Schroders senior European economist Azad Zangana said today (18 November) that the BoE will increase rates to 0.25% on 16 December, then again to 0.50% in February 2022. Schroders also predicts further...