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The Rise and Fall of the Bank of England's May Rate Hike
Expectations for a Bank of England interest-rate increase on May 10 have gone full circle – from an outside bet to a sure thing and then back again. As investors and banks revise their calls, here’s a look at the key dates in the rise and fall of a monetary-policy tightening in May. After a number of false starts and mixed messages, the BOE finally increased its benchmark rate late last year. But it was a dovish hike, with two of the nine Monetary Policy Committee members dissenting and the bank noting “considerable risks” to the outlook. That kept forecasts for more tightening in 2018 in check. Bets on May ... (full story)
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