Stronger-than-expected employment data raises possibility of a UK rate hike

Vacancies hit high of 1.17m

clock • 3 min read
Jeremy Batstone-Carr, Raymond James European Strategy Team

Jeremy Batstone-Carr, Raymond James European Strategy Team

The Bank of England MPC meeting raised eyebrows and furrowed brows in equal measure, as members voted 7-2 to keep UK base rates unchanged at just 0.1% (as they have been since March 2020). The committee also voted 6-3 to leave the existing asset purchase scheme unadjusted for the time being.

Expectations for a rate hike had reached fever pitch walking into the meeting, so it was no surprise to see markets deflate a little when the result did not turn out as expected. Andrew Bailey, the governor...

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


More on UK

Market Movers Blog: OPEC to monitor pandemic closely as it agrees to maintain output hike

Market Movers Blog: US sees job growth below expectations for November

Latest news and analysis

Investment Week
clock 03 December 2021 • 1 min read
Moray Wright of Parkwalk Advisors

Budget reaction: Strong steps to help start-ups but do not ignore the power of EIS

Schemes can be leveraged right now

Moray Wright
clock 02 December 2021 • 4 min read
abrdn logo

Industry reaction: abrdn and interactive investor deal 'a bold move'

The industry has reacted positively to the acquisition, which has been in the making since November

Jenny Turton
clock 02 December 2021 • 4 min read