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BOE Rate Hike Hinges on the Views of Two Quiet Deputy Governors

From bnnbloomberg.ca

The fate of a potential Bank of England interest increase rate on Thursday could lie in the hands of two deputy governors who have stayed silent during the crescendo of bets for an imminent move. While traders are convinced that the U.K. central bank will deliver its first post-pandemic increase in borrowing costs on Nov. 4, with mortgage lenders already raising the cost of home loans in anticipation of a move. Economists see the decision as more finely balanced. The result will depend how the nine-member Monetary Policy Committee splits. Two have already voted for tighter policy, albeit not through rate hikes, and ... (full story)

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  • Category: Fundamental Analysis