The Bank of England hiked rates for the first time since 2023 and warned more are likely. That is a hawkish tilt: Gilt front-end repricing stays in charge, and UK rate-sensitive equities stay under pr

What happened: The Bank of England raised interest rates for the first time since 2023 and warned that more increases are likely. Why it matters: Policymakers said the inflation pressure expected from months of high energy prices required a rate rise now. Coverage: 7 outlets in 24h

The Bank of England raised interest rates for the first time since 2023 and warned that more increases are likely.

Policymakers said the inflation pressure expected from months of high energy prices required a rate rise now.