End of rate hikes in sight in UK
Ulrike Kastens (DWS) | The Bank of England raised interest rates yesterday by another 25 basis points to 5.25%, the highest level in 15 years. The key factors were labour market tightness and stronger wage growth, while developments in base rates and services prices are in line with the central bank’s expectations. Overall, the message of today’s press release is much more balanced than that of the previous meeting in…