Insights   •   Cash

Monthly Cash Review GBP Liquidity LVNAV Fund

The Bank of England Monetary Policy Committee (MPC) left policy unchanged in August, but its policy statement was more hawkish than anticipated, prompting market rate hike expectations of 0.15% to move forward from August 2022 to May 2022. The fall in CPI inflation from 2.5% in June to 2.0% was a little bigger than expected and represented the first decline in four months.