The latest Bank of England (BoE) monetary policy decision will be announced on Thursday with the markets currently undecided if the Bank Rate will be raised by 25 or 50 basis points, from its current level of 1.25%.
The latest Bank of England monetary policy decision will be announced on Thursday with the markets currently undecided if the Bank Rate will be raised by 25 or 50 basis points, from its current level of 1.25%. At the last meeting, six out of the nine MPC members voted for a 25 bp hike, while the other three called for a larger, 50 bp increase.
The ongoing leadership contest for the keys to No. 10 Downing Street currently shows Liz Truss as the favorite to be the next Conservative Leader and Prime Minister. Ms. Truss has recently taken a few shots at the BoE, suggesting that she would, if elected, look at a review of the central bank’s policy remit to make sure that it is being tough enough on inflation. The Bank of England has been independent of government control since 1997.
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