BoE does not rule out further rate increases should inflation data continue to be unfavorable – Commerzbank BOE InterestRate Inflation Banks
will continue to monitor the development of inflation and raise key rates further if necessary, economists at Commerzbank report.Following the latest surprisingly strong inflation data, the BoE decided to take a major rate step and raised Bank Rate by 50 bps to 5.00%, the highest level since September 2008.
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