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BOE Seen Holding Rates After August Hike: Decision Day Guide
After a flurry of August excitement that brought U.K. interest rates to the highest since 2009, the Bank of England is back in a holding pattern. All 60 economists surveyed by Bloomberg predict officials will leave the benchmark unchanged at 0.75 percent on Thursday. While policy makers have said that “limited and gradual” hikes are needed in coming years, a unanimous vote is expected, with Jonathan Haskel falling in line with colleagues at his first meeting. The decision comes in the week that Chancellor Philip Hammond ended speculation about Governor Mark Carney’s future by indicating that the Canadian would ... (full story)