The Bank of England, announced a 0.5% rise to interest rates, matching market expectations. The trajectory of UK monetary policy remains in line with the similarly tighter policy settings being put in place by most of the world’s major central banks.

The ECB’s decision to raise interest rates today comes against the backdrop of downwardly revised growth forecasts and upward revisions to inflation projections across the forecast horizon. Shweta Singh, Senior Economist, comments on the underlying details of the announcement.

This morning’s release of GDP data for June and Q2 2022 shows a mixed picture of the health of the UK economy. Real GDP fell by a seasonally adjusted -0.6% in June and by a seasonally adjusted -0.1% in the quarter as a whole. The underlying details of the release reveal the severe squeeze on consumers from high inflation.

Cardano, the pension advisory and investment management specialist, has been appointed by the Unisys UK Pension Trustee to act as the fiduciary manager of the Unisys Pension Scheme, Unisys Payment Services Pension Scheme (Unisys Section), and Unisys Public Sector Pension Scheme.

The Bank of England has announced a base rate rise by 0.5% to 1.75% in an attempt to address the UK’s burgeoning inflation problem.

Ross Barr, Senior Investment Strategist, shares Cardano’s reaction on what this could mean and what can be expected.

The ECB has joined the peloton of global central banks tightening policy even as it faces mounting growth risks; potentially making this the swiftest hiking cycle since the inception of the euro. Alongside this, the ECB focused on the Transmission Protection Instrument meant to aid the ECB achieve its price stability mandate.

The world’s Central Bankers convened at the ECB Forum on Central Banking this week. All eyes were on key speeches on how they might be guiding markets in their various attempts to “cool inflation”.

Today, the Bank of England’s Monetary Policy Committee has voted to raise interest rates to 1.25%.

Cardano and Big Society Capital have announced that they are joining forces with the intention to direct up to £195 million of new investment towards real estate fund strategies addressing the UK housing crisis.