FF News Logo
Tuesday, November 25, 2025
Pleo Beyond x FFNews

Breaking News

How USAA Builds Digital Experiences Around Its Members Spayce: Organic Growth, Own Tech, New Wallet EXCLUSIVE: “Check, Check… and Check!” – Pilar Fragalà, CBI in ‘The Fintech Magazine’ BBVA: Digital Identity Will Transform KYC Pocket Network Is Pioneering ‘DePIN for Data’ Kea Rolls Out Local Payouts in 85+ Currencies Friendly Fraud Expected to Increase by 25% Between Thanksgiving and Cyber Monday, Warns ACI Worldwide Tide to Launch Connected Insurance for SMBs Market Backs 3-Year LIMOSS/Vitesse FCP Contract to Improve Treasury Management and Claims Payments in the Lloyd’s Market Wise Becomes First Non-Bank to Go Live on Japan’s Zengin System via API and Settle Directly With Bank of Japan Thunes and MoMo PSB Bring Real-Time Cross-Border Payments to Millions of Nigerians Mox Unveils Travel Pick & Go: Smart Insurance for Modern Travellers Checkout Adopts ACP, Backed by OpenAI, to Power Agentic Commerce for Enterprise Merchants Global Financial Community Completes Switch to ISO 20022, Paving the Way for New Levels of Cross-Border Payment Speed and Innovation Around the World​ Companies Overpaying on Employee Expenses by Up to 14%
raised interest rates

March 24 2023

Bank Hands Are Tied

Share this post:

Share on LinkedIn Share on WhatsApp

The Bank of England has raised interest rates by 0.25% to 4.25%, with 7 members in favor and 2 voting to pause. The UK banking system is said to be resilient, and the economy is predicted to have no recession in 2023, with stronger GDP growth in Q2 2023 due to China’s growth. CPI inflation is expected to fall significantly.

Expert Jonathan Moyes, Head of Investment Research, Wealth Club, comments, “The Bank’s hands have been tied by the 0.25% rate rise in the US and the higher than-expected UK inflation print earlier in the week. A 0.25% rise was expected.

However, we understand why there is a growing chorus of commentators calling for a pause here. The US and Europe have come very close to a banking crisis over the previous two weeks and monetary conditions will tighten significantly as a result, placing further strain on the sector. We will have to wait for the May report to get the MPC’s full assessment of the recent turmoil, however, it is pleasing to see the FPC reiterate its confidence in the strength of the UK banking sector.

With inflation expected to fall rapidly in the near term and interest rates close to their peak, it seems the inflation beast has been tamed. However, we may soon discover “the cure is worse than the disease” as the banking sector groans under the weight of aggressive rate rises.”

People In This Post

Jonathan Moyes

Wealth Club

Companies In This Post

Wealth Club | Fintech Finance

Wealth Club
  1. How USAA Builds Digital Experiences Around Its Members

    Fintech TV

     Read more
  2. Spayce: Organic Growth, Own Tech, New Wallet

    Event Videos

     Read more
  3. EXCLUSIVE: “Check, Check… and Check!” – Pilar Fragalà, CBI in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
  4. BBVA: Digital Identity Will Transform KYC

    Fintech TV

     Read more
  5. Pocket Network Is Pioneering ‘DePIN for Data’

    Thought Leadership

     Read more
More On