BoE hints at 'earlier' rate hikes as MPC adopts more hawkish stance

Held rates at 0.5%

Tom Eckett
clock • 3 min read

The Bank of England (BoE) has held interest rates at 0.5% but adopted a more hawkish stance by suggesting a rate hike would be needed "somewhat earlier" and to a "somewhat greater extent" than anticipated.

The Monetary Policy Committee (MPC), which voted unanimously to maintain rates in the February meeting, said an interest rate rise would be needed "somewhat earlier" in order to return inflation to...

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