Bank of England holds policy rate amidst hawkish tone, GBP rises ...Middle East

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Justin had the news on the Bank of England maintaining its policy rate at 5.25%, which was as expected:No pivot. That's the main takeaway at first glance when viewing the BOE statementAnd also on Bank of England Governor Bailey speaking later:We cannot say that interest rates have peakedBailey tried sounding hawkish. At the very least he affirmed the Bank's stance on maintaining the Bank rate at its current peak remains unaltered, and indicated that the Monetary Policy Committee could consider further rate increases if deemed necessary. The decision came through a split vote of 6 to 3. It sparked a noticeable uptrend in GBP Pound and triggered a modest downturn in gilts. The market reaction

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Last updated : 15 Dec 2023 clock 02:05 AM

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Bank of England holds policy rate amidst hawkish tone, GBP rises ...Middle East

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