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Investment Event

BoE hikes by 25bps
24 March 2023
    Download the full reportPDF, 1.49MB

    Key takeaways

    • The BoE hiked interest rates by 25bps to 4.25 per cent
    • Tight labour markets, still too-high inflation kept the BoE in tightening mode despite banking sector risks
    • The BoE decision to raise rates is the latest example of a trend among global central banks to continue tightening policy amid still-high levels of underlying inflation and concerns over banking-sector stress
    • This trend implies a significant risk to economic and market performance. In our view, this is consistent with a choppy market environment over the coming months