BOE raises bank rate by 25 bps from 0.50% to 0.75%

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BOE raises bank rate by 25 bps from 0.50% to 0.75%

Prior 0.50%Bank rate vote 8-1 (Cunliffe dissented in favour of maintaining bank rate at 0.50%)Some further modest tightening may be appropriate in the coming monthsThere are risks on both sides of policy judgment depending on how inflation prospects evolveExpects Q1 GDP to rise by around 0.75% q/q (

Source: BOE raises bank rate by 25 bps from 0.50% to 0.75%

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