The Bank of England has made its fifth consecutive interest rate rise, bringing rates to 1.25 percent.

However, given the US Federal Reserve’s hike from 1 percent to 1.75 percent yesterday (15/06/22), the BoE’s 0.25 percentage point increase looks rather “lacklustre”.

Not all Monetary Policy Committee (MPC) members were happy with the decision. Three members voted for a steeper 0.5 percent rise.

These voices are only likely to increase if inflati...