Economics / Markets

Giulio Renzi-Ricci and Oliver Harvey explain why investors should be wary of making any tactical calls on one of the core sectors of the global economy

Govt needs to pay almost £30bn a year in 2023, 2024 and 2025

Consensus expectations of 9.8% were not met

MPC referenced 'large and volatile moves in global financial markets'

Bank of England rate hike expected as inflation rises

All eyes on Bank of England interest rate decision

Some of the most affected stocks were non-financials

Meeting prompted by tumultuous week for banks across the world

OBR also forecasts inflation set to fall to 2.9%

Chancellor set to receive a windfall to the tune of £30bn