LevFin Wrap - Old Bailey looks to put inflation behind bars
- Huw Simpson
- +Laura Thompson
High Yield Primary
Another week, another rate rise, another record set. Thursday’s 50 bps hike by the BoE was widely anticipated, although new forecasts of 13+% inflation by the fourth quarter of 2022 probably weren’t. It’s the largest Monetary Policy Committee hike since 1995, the largest ever since the Bank of England’s independence in 1997, and comes alongside projections of a five-quarter long recession for the UK.