BoE inflation

Bank Of England to accelerate pace of interest rates rises

BoE Hikes Rates For First Time In A Decade Amidst Dim Prospects Of Economic Growth

The BoE hiked on Thursday interest rates for the first time in more than 10 years by 25 bp to 0.5%. Given that UK growth continues at its lower potential pace with GDP forecasts at around 1.6%-1.7% between 2017-20, it seems that only one additional hike next year is likely. The country  has been the 4th weakest economy in the OECD so far this year.