BoE holds rates steady but its tone was more hawkish than expected
The Bank of England held the official bank rate at 5.25%, with Catherine Mann and Jonathan Haskel being the only two hawks favouring a 25bps hike. This is more hawkish than expected as general thinking was that the three hawks that voted in December would relent. Moreover, the statement indicated that the central bank was still concerned over the persistence of inflation, with the forecast for inflation pushing back against…
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