Bank of England surprises markets by hiking rates to 0.25%

Omicron not seen as a serious threat

Elliot Gulliver-Needham
clock • 2 min read
The Bank of England
Image:

The Bank of England

The Bank of England’s Monetary Policy Committee has voted to raise interest rates from 0.1% to 0.25% in an eight to one decision.

The bank said that the economic conditions it had been waiting for to raise rates had been met, explaining that "the labour market is tight and has continued to tighten, and there are some signs of greater...

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 Markets

Luke Hickmore, investment director fixed income, abrdn

Jubilee economics - how does 1952 compare to 2022?

Some similarities

Luke Hickmore
clock 24 May 2022 • 4 min read
Market Movers Blog: US inflation dips slightly to 8.3%

Market Movers Blog: UK Government borrowing reaches historic high in April

Latest news and analysis

Investment Week
clock 24 May 2022 • 1 min read
The monthly rise was largely driven by a 2.8% rise in food store sales
UK

UK retail sales jump in April despite inflation at 40-year high

Down 0.3% from previous quarter

clock 20 May 2022 • 1 min read
Trustpilot