News In Review Wednesday 17th May 2023 - HCR IFA
News In Review Wednesday 17th May 2023

News In Review Wednesday 17th May 2023

As widely expected, the Bank of England’s (BoE’s) Monetary Policy Committee (MPC) voted to increase Bank Rate by a quarter of a percentage point to 4.5%, at its meeting last week. Seven members of the committee voted to raise the rate, while two members favoured maintaining Bank Rate at 4.25%.