Worse-than-expected inflation figures in May and June forced the Bank of England to raise its policy bank rate to 5.0%. This was higher than the 25 basis points most economists expected, but bond markets had already priced in a 40% chance of the higher 50 basis points hike.
Analysis
Three Ways Higher Peak Interest Rates Could Impact UK Real Estate
The Bank of England Raised Interest Rates By 50 Basis Points in June With More Hikes Expected
CoStar Analytics
June 30, 2023 | 10:52 AM
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