BoE set for another rate hike, but divisions may widen
The Bank of England will step into the spotlight during the post-FOMC session on Thursday at 10:00 GMT in a relatively busy week of central bank meetings and data releases. Investors expect a downshift to a half-point rate increase, though the UK’s messy economic outlook could cause wider divisions within the rate-setting committee, creating extra volatility for the pound. What's next after a triple rate hike? The Bank of England (BoE) delivered a triple rate hike in November, its largest single increase since 1989 and the eighth in a row, as inflation grew at a double-digit rate and was more than five times higher ... (full story)
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