CPI

LGIM's Richard Hodges believes the Bank of England's Monetary Policy Committee (MPC) would be "lunatics" to raise interest rates in May as it will put the UK at risk of a double-dip recession.

The pound reached a 14-month high today while gilts fell, after data revealed UK inflation soared to 4.4% in February.

BEATING INFLATION

Inflation hit 4.4% in February, up from 4% in January, according to the Office for National Statistics (ONS) - heaping more pressure on the Bank of England to hike interest rates.

ON ASIA

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The latest inflation figures, showing CPI reached 4% in January, has sparked speculation on higher interest rates and the impact on the UK economy.

The UK inflation rate rose to 4% in January, which is double the government's target and up from 3.7% the previous month.

Raising interest rates too fast this year in an attempt to stem inflation would be the ‘ultimate policy error', says Caspar Rock, CIO at Architas.

BOND INVESTING KEY FOR 2011