BOE Tells Investors to Rein In Expectations for Rate Hikes

Ciretose10 November 3, 2022
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BOE Tells Investors to Rein In Expectations for Rate Hikes

The Bank of England delivered its biggest interest rate increase in 33 years but strongly pushed back against market expectations for the scale of future increases, warning that following that path would induce a two-year recession. The Monetary Policy Committee voted 7-2 to lift rates by 75 basis points to 3%, the highest level in 14 years. Governor Andrew Bailey spoke with Bloomberg’s Francine Lacqua.

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