Bank of England hikes, but this is unlikely to be the start of a long tightening cycle
The Corner Daniel Siluk (Janus Henderson) | The Bank of England delivered its first rate increase in more than three years, lifting Bank Rate by 25 basis points to 4%. While the move itself was widely anticipated, the 8–1 vote was more hawkish than expected, with the sole dissenter, Catherine Mann, arguing for a larger 50 basis point increase. The Bank also materially revised its inflation…
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