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Bank Of England Decision More Hawkish Than Expected

Bank Of England Decision More Hawkish Than Expected

2 Years ago | June 24, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


BOE Decision Sends Hints Higher Rates Could be In Store For Future The closely-followed Bank Of England policy decision Thursday saw no change in the Repo Rate of 0.50% as widely expected. Also as forecast, there was a unanimous vote to keep total asset purchases (QE) steady at GBP435bn per month. As for the rate decision, three members voted for an immediate 25bp rate hike. The Previous vote had been 7-2. The new dissenter was Chief Economist Andy Haldane, who dissented for the first time. This marked the first dissenting vote for a hike by a Bank insider si

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