Is this the end of UK interest rate rises or are there more to come? - short news
The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling
Tasked with striking a balance between an unexpected increase in February’s inflation numbers and concerns about a new banking crisis, the Bank of England voted today for an 11th consecutive rate rise. The question now is whether they will opt for a 12th.
Markets are pricing in a further small hike to 4.5%. However, a glance at the forecasts for inflation show it declining..
source: The Guardian - 23.03.2023