In an announcement on Thursday, 11 May 2023, the Bank of England's Governor, Andrew Bailey, detailed a 0.25 percentage point increase in the Bank Rate, bringing it up to 4.5%.

The T. Rowe Price Global Markets Monthly Update for March 2023 reveals that equities recorded generally positive but widely divergent returns, as turmoil in the banking sector in the U.S. and Europe affected interest rate and growth expectations.

Deputy Governor of the Bank of England, Ben Broadbent, recently spoke at the National Institute of Economic and Social Research, discussing the effects of monetary policy and whether they should be understood in terms of interest rates and bond yields or monetary aggregates.