As is usually the case, economists are divided following the Bank of England's decision to hike interest rates by 25 basis points to 0.75 per cent on Thursday.
As the Monetary Policy Committee (MPC) prepares to assemble for next week’s August meeting, many sceptics will be feeling that familiar sense of ‘here we go again’.
The keys to Number 11 Downing Street are much coveted in British politics, and the role of Chancellor of the Exchequer is one which grants the chosen individual a great deal of power in shaping the future of the UK economy.
3,774 days. 82 Monetary Policy Committee (MPC) meetings. 10 birthdays. All that and more has passed by since the last increase to Bank of England (BOE) rates in July 2007.
In this blog, we’ve argued time and again in favour of the Bank of England increasing base rates, and always been the first to back Monetary Policy Committee members, who, at varying intervals over the past eight years, have explicitly or implicitly conveyed hawkish instincts.