Monetary Policy & Inflation | Rates | UK
BoE Review: Striking a Cautious Tone
- By Henry Occleston
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- 6 min read
BoE Strike Cautious Tone
The Bank of England’s (BoE) Monetary Policy Committee voted (7 to 2) to hike rates by 25bp, with Doves Dhingra and Tenreyro both voting to hold the bank rate unchanged. The market now prices the BoE to hike between 25-50bp more before reaching peak terminal rate (Chart 1).
BoE Strike Cautious Tone
The Bank of England’s (BoE) Monetary Policy Committee voted (7 to 2) to hike rates by 25bp, with Doves Dhingra and Tenreyro both voting to hold the bank rate unchanged. The market now prices the BoE to hike between 25-50bp more before reaching peak terminal rate (Chart 1).
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