Bank of England increases interest rates to highest level since 2009

Increase by 0.25%

Elliot Gulliver-Needham
clock • 2 min read

The Bank of England has today hiked interest rates by 0.25% in its fourth consecutive rise, taking them to their highest level since 2009.

The bank's Monetary Policy Committee voted by six to three to raise interest rates to 1%, with the minority voting for a greater increase to 1.25%, as it reported that inflationary pressures have "intensified sharply" in recent months. UK inflation accelerated to a new 30-year high in March, reaching 7% from 6.2% in February, primarily due to the shock in energy prices. Inflation is now predicted to rise to over 9% in this quarter, before peaking at "slightly over 10%" at the end of the year. The bank said that this was largely due to "higher household energy prices following the l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

How quality investing behaves through the cycle

How quality investing behaves through the cycle

Resilience when it matters more

Joseph Stephens and Laura Neill
clock 14 September 2026 • 4 min read
Why portfolios need to evolve, not revolve when it comes to client outcomes

Why portfolios need to evolve, not revolve when it comes to client outcomes

'As market structures evolve, so must portfolio construction'

Ed Senior
clock 11 September 2026 • 4 min read
What does 'quality' investing actually mean?

What does 'quality' investing actually mean?

Why persistence is the real test

Joseph Stephens and Laura Neill
clock 11 September 2026 • 4 min read