More rate hikes on the way – Maddox
The Bank of England’s (BoE) Monetary Policy Committee (MPC) members voted by a small majority of five to increase the borrowing rate by 50bps (basis ponts) to 2.25 per cent; with three members favouring a sharper increase of 75bps and one member preferring a smaller increase of 25bps. The 50bps hike was in line with market expectations.
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