BoE hikes interest rate to 5% — industry reacts
By Yasmin OjoThe Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 7-2 to increase the bank base rate by 0.5 percentage points, to 5%.
Section: Opinion
Two members preferred to maintain the rate at 4.5%.
The MPC will continue to monitor closely indications of persistent inflationary pressures — if there is evidence of such pressures, then further tightening in monetary policy would be required.
Keywords: BoE, Bank of England, interest rates, Paul Oberschneider, Hilltop Credit Partners, Jatin Ondhia, Shojin, Mark Harris, SPF Private Clients, Paul McGerrigan, Loan.co.uk, mortgage market
Source: BTL Insider — https://btlinsider.co.uk/boe-hikes-interest-rate-to-5-industry-reacts