BoE hikes by 25bps, three MPC members wanted 50bps

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BoE hikes by 25bps, three MPC members wanted 50bps

BoE raises Bank Rate by 25bps to 1.00% as widely expected. The decision was made by 6-3 vote, with three members voted for 50bps hike, including Jonathan Haskel, Catherine Mann and Michael Saunders. In the accompany statement, BoE reaffirmed its preference that the Bank Rate will be used as the active policy tool in adjusting […]

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