16th December 2021

Bank of England interest rate decision a ‘panic move’ overshadowed by Covid uncertainty

The Bank of England’s decision to increase interest rates to 0.25% on Thursday (16 December) has been criticised as a “panic move” to prevent the UK economy drifting into “more dangerous waters” as Covid cases soar, while the threat of lockdowns and further pandemic uncertainty are set to weigh on growth forecasts going forward.