In a widely anticipated decision, the Bank of England has raised interest rates for the third time in a row to 0.75 percent, taking interest rates back to pre-pandemic levels.

With inflation forecasts of 7.5 percent by springtime, the decision surprised very few wealth managers.

Looking at what this means from an investment perspective, Caspar Rock, the chief investment officer at Cazenove Capital, said investors have been searching for defensive asset classes sin...