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BOE raises bank rate by 25 bps to 4.50%, as expected

Prior 4.25%Bank rate vote 7-2 vs 7-2 expected (Dhingra, Tenreyro voted to keep rates unchanged)If there were to be evidence of more persistent pressures, then further tightening in monetary policy would be requiredRisks to inflation forecasts skewed significantly to the upsidePay growth could plateau at rates inconsistent with inflation targetEstimates "flat" GDP for Q1 and Q2 (March forecast was -0.1% q/q for Q1)Full statementOf note, the BOE has revised their projections to show a higher path... Read More

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Raises

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50 Expected

4 50

Forex

Posted: May 11 2023, 11:00

Author Name: forexlive

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