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Analysts expect one more BoE rate hike, likely Feb, after 4% move - Investing.com UK
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Analysts expect one more BoE rate hike, likely Feb, after 4% move Investing.com UK
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4 itemsAnalysts expect one more BoE rate hike, likely Feb, after 4% move - Investing.com
Analysts expect one more BoE rate hike, likely Feb, after 4% move - Investing.com Nigeria
Bank of England Expected to Raise Rates to 4% Thursday, First Hike in Three Years as Market Bets on Three More Next Year - BigGo Finance
ING THINK
Hawkish Bank of England hikes rates, and there’s more to come
The recent decision by the Bank of England (BoE) to raise interest rates to 4% suggests a more aggressive monetary policy stance amid persistent inflation pressures. Per the full note from ing-think, the central bank anticipates one more rate hike by February 2024, with the possibility of bringing this forward should energy prices spike further. The fact that even the traditionally dovish members of the committee supported the hike reinforces the BoE's commitment to combatting inflation, which it now expects to peak at 4.9%, a revision upwards indicating increased pressure from energy prices.
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