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What's the takeaway from the BOE decision?

What's the takeaway from the BOE decision?
Let's try to keep this short and simple.There was a bump to the inflation forecasts and more notably, a big bump to GDP forecasts as well as the BOE abandoning their call for a UK recessionThe forward guidance reads more or less the same i.e. the door is still open to tighten further should inflation pressures require the need to do soThe decision in itself was very much expected, that being a 25 bps rate hike with the same two dissenters again i.e. Dhingra and TenreyroSo, where does that leave... Read More
Posted: May 11 2023, 11:12
Author Name: forexlive
Views: 081741

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