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I don't think there was a case for a 50 bps rate hike today - Bailey

BOE is evidence-drivenIt is not the right time to declare that "we are done" with rate hikesIf there is more evidence of persistent inflation, we will raise rates furtherBut again, there is more than one path to deliver inflation targetThe question posed was whether or not they are delivering a similar communication to the ECB last week. In some roundabout way, he is saying no but it doesn't mean that even more rate hikes is the answer to solve the inflation equation. As mentioned earlier, it ju... Read More

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Posted: Aug 3 2023, 12:04

Author Name: forexlive

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