News in Review Wednesday 23rd March 2022 - DGS Chartered Financial Planners
News in Review Wednesday 23rd March 2022

News in Review Wednesday 23rd March 2022

Last Thursday, as highly anticipated, the Bank of England (BoE) announced the third increase in Bank Rate in four months, placing more  pressure on household finances. The Monetary Policy Committee (MPC) members voted by an eight to one majority in favour of the 0.25 percentage point rise from 0.5% to 0.75%, in a bid to dampen soaring inflation.