Bank of England Delivers Jumbo Hike, Hints at Smaller Moves Ahead

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Bank of England Delivers Jumbo Hike, Hints at Smaller Moves Ahead

Summary The Bank of England (BoE) raised its policy rate aggressively at today monetary policy announcement, raising its Bank rate by 75 basis points to 3.00%. However, there were also signals from the BoE that the pace of tightening will likely slow going forward. First, while all policymakers voted to raise interest rates, the size […]

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