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BOE seen raising rates by 50 bps to 2.25% in September – Reuters poll
According to the latest Reuters poll of economists, the Bank of England (BOE) remains on track for a 50 basis points (bps) rate hike in September before returning to a more regular 25 bps increase in November. Also read: GBP/USD prints corrective pullback around 1.2150 ahead of key UK statistics, Fed Minutes Key findings 30 of 51 - said the BoE would take Bank Rate to 2.25% on Sept. 15 by adding 50 basis points. The other 21 suggested a more modest 25 basis point lift to 2.00%. A large majority of those polled said the Bank would slow the pace in November to 25 basis points. For the December meeting, 18 economists ... (full story)