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Bank Of England Rate Forecast: Three 25bp Hikes (Aug, Sept, And Nov) To Peak 5.75% Say Nomura
According to analysts at Nomura, the Bank of England's (BoE) latest decision on interest rates has demonstrated a divide among its members. This split is marked by differing views on inflation and wage growth, two key factors influencing the UK economy. "The seven members voting for 50bp today pointed to a tight labour market and strong wage growth alongside higher inflation (and specifically services inflation) for their decision," says George Buckley, Chief UK Economist & Co Head of European Economics at Nomura. The analyst notes these members also took into account what they perceive as "second-round ... (full story)