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Bank of England Monetary Policy Committee Minutes
The month had seen signs of a tentative increase in risk appetite as some of the short-term uncertainties about monetary and fiscal policy had receded, particularly in the United States. But market participants expected this to be a temporary phenomenon and measures of volatility from options prices had fallen more at shorter horizons than at longer ones. 3 The expected path of short-term interest rates in the United Kingdom was similar to that at the time of the Committee’s previous meeting, although it had fallen in the first half of October following disappointing US employment numbers before rising in reaction ... (full story)
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