BoE hikes 50bps by 7-2 vote, further tightening could be required

<p>BoE raises Bank Rate by 50bps to 5.00%, larger than consensus of 25bps. The decision was made by 7-2 vote, with only known dove Swati Dhingra and Silvana Tenreyro voted for no change again. Tightening bias is maintained as the central bank noted, “if there were to be evidence of more persistent pressures, then further […]</p>
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