BoE hikes 50bps, majority expects further increases

BoE raises Bank Rate by 50bps to 3.50% as expected, by 6-3 vote. Two members, Swati Dhingra and Silvana Tenreyro voted for no change. On the other hand, Catherine Mann voted for 75bps hike. The “majority” of the MPC judged that “should the economy evolve broadly in line with the November Monetary Policy Report projections, […]

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