BoE should have been bolder - F&C

“Many people will be expecting another 0.25% rise after today’s rate hike but a bigger than expected 0.5% rise would have been more effective in slaying inflationary pressures than this incremental approach,” says Scott, who is fund manager of the F&C UK Growth & Income, Stewardship Income and Stewardship Growth funds. “The Retail Price Index, in my view the most indicative measure of inflationary pressures, is running at around 4.8%. This has been driven up by price rises in gas and electricity and other non-discretionary items, in turn driving households’ inflation expectations up to l...