Daily Alert: Time to reflect as the BoE rate hike delivers another 2021 surprise

  • Following yesterday’s hawkish tilt by the FOMC, the BOE went one better by surprising markets and voting 8-1 to hike the bank rate by 15bps to 0.25%, the first G7 central bank to hike post-COVID-19. 
  • However, ECB President Lagarde reaffirmed 2022 ECB rate hikes were very unlikely despite possible upside risks to the inflation outlook.
  • This is our last Daily Alert for 2021. Tune in on the 17th January for our first full daily update for 2022. Have a safe and enjoyable holiday break.

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