Investment Event
BoE near peak UK rates
22 September 2023
Key takeaways
- The BoE left its policy rate unchanged 5.25 per cent in a finely balanced decision
- The BoE is increasingly concerned about the risk of overtightening policy. However, inflation and wage pressures remain elevated
- We continue to advocate a cautious asset allocation, which includes an underweight view on UK equities
- We are neutral on short-dated gilts but see value in the 10yr sector