Tighter credit conditions impact values and investment market
EY has said GDP will drop by 0.7% this year, double what it feared it in October
One member of the MPC wanted to raise interest rates to 3.75%, while two wanted to stick at 3%
The Bank of England is expected to raise interest rates to 3.5% today
Inflation is becoming “embedded” in the economy, requiring “more work” to dig it out
The bank wants markets to cool their expectations of further rate rises or risk prolonged recession
Bank of England raises base rate to 3%
Government’s Economic Advisory Council has said anything less than a 75bps rise would be damaging
HSBC’s decision to slash the target price on SEGRO shows which way the wind is blowing
The markets have priced in an 84% chance of a rise to 3% and a 16% chance it will be 3.25%
Deputy governor Ben Broadbent says rates may not rise as high as markets are predicting
Bank of England’s chief economist Huw Pill says a major rise should be expected