News in Review Wednesday 21st December 2022 - DGS Chartered Financial Planners
News in Review Wednesday 21st December 2022

News in Review Wednesday 21st December 2022

At the Monetary Policy Committees’ (MPCs’) December meeting, members voted by a majority of six to three to increase Bank Rate from 3% to 3.5%. The ninth consecutive hike, rates are now at their highest level for 14 years. With inflationary pressures persisting, the MPC said they ‘will respond forcefully as necessary.’