The Bank of England’s Monetary Policy Committee (MPC) has voted to increase its Official Bank Rate by 0.50% to 1.75% – its highest rate since 2008. The Bank’s move was the biggest single increase since 1995, also marking the sixth consecutive rate hike since last December.
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Our in-house experts share their thoughts and perspectives covering news, research and insights into the global economy.
Food for thought: why a healthy and sustainable food system matters to investors
Ensuring healthy lives and promoting wellbeing is important to building prosperous societies, because healthy people are the foundation of healthy economies. CCLA joined a coalition of investors to urge the government to review its national food strategy, because we believe that affordable and sustainable food systems are fundamental to support healthy communities.
Momentous ruling by the UK High Court
A new High Court judgement has ruled on trustees’ ability to align their investments with their charities’ values. The judgment has clarified that trustees 'need to' undertake a balancing exercise between maximising their returns and avoiding investments that could contradict their aims. We believe that this ruling should make trustees more confident in their ability to align their investments with their charitable missions. However, we do not believe that they necessarily have to sacrifice returns to achieve this.
Bank of England hikes interest rates again
The Bank of England’s Monetary Policy Committee (MPC) has voted to increase its Official Bank Rate to 1.00% - their highest rate since 2009. The Bank’s move represented its fourth consecutive rate hike since December – the fastest increase in borrowing costs in 25 years.
Supporting the development of innovative solutions
This week, Cambridge Innovation Capital closed its second venture capital fund, CIC Fund II for £225 million. Cambridge Innovation Capital is focused on building world-leading deep technology and life sciences businesses connected with the Cambridge ecosystem, one of the fastest growing science and technology innovation ecosystems in the world.
Is the Bank of England losing control of inflation and the yield curve?
2022 is an important anniversary for the Bank of England (BoE). It represents 25 years since the Blair government gave it operational independence over monetary policy and the ability to set interest rates. One of the BoE’s main objectives is to ensure stability by setting monetary policy to achieve the Government’s target of keeping inflation at 2%.