Bank of England poised to continue hiking rates as inflation looms large

Ahead of the Bank of England Monetary Policy Committee meeting on Thursday (22 June), markets seem set on expecting at least a 25bps hike. David Goebel, associate director of investment strategy at Evelyn Partners, noted: "It was only a few weeks ago that rate watchers were calling an imminent peak for the bank rate." However, following data showing that private sector wage climbed to 7.6% in the three months to April and core inflation rising to 6.8% in April, expectations have shifted radically. ECB meets expectations with 25bps hike Katharine Neiss, chief European eco...