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Bank of England Hikes Rates to 0.5% Up 25 Basis Points

Seeking Alpha2022-02-03

The Bank of England raised its benchmark interest rate to 0.5% from 0.25%.

The quarter-point hike was largely expected bythe markets. But the vote was split.

Four of the nine Monetary Policy Committee members dissented, voting for a 50-basis-point hike to 0.75%.

Markets are now pulling rate expectations for the U.K. forward, with the consensus seeing rates climbing to 1% in May, according to Hammerstone Markets.

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Comment14

  • Road1Warrior
    ·2022-02-03
    In general, interest rate needs to increase at the bank so that we can put money into FD again.
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  • MIe
    ·2022-02-03
    Invest uk banks like Lloyds, Barclays upside 
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    • Dawang
      agreed, the era of cheap money is ending..
      2022-02-04
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  • BKT
    ·2022-02-03
    Good. Pls like thanks.
    Reply
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-02-05
      Reply
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  • Newbull
    ·2022-02-03
    More countries expected to follow soon!
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  • TLC88
    ·2022-02-03
    Ok
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    • TLC88
      Ok
      2022-02-03
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  • ijiji
    ·2022-02-03
    What will happen??
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  • Kel9670ong
    ·2022-02-03
    Benefit the individual country economic sentiment 
    Reply
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  • WjsdSGTi
    ·2022-02-03
    123
    Reply
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    • WjsdSGTi
      666
      2022-02-03
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  • AE2
    ·2022-02-03
    Next will be Fed!
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  • Sctzilla
    ·2022-02-03
    As expected. 
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  • nctony
    ·2022-02-03
    Every country have different plan, nothing to worry.[Great] 
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    • kslim
      [Like]
      2022-02-03
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  • Akyy12
    ·2022-02-03
    Pls like 
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-02-05
      Reply
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  • SK19
    ·2022-02-03
    It has started...
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    • zhann
      please help to like
      2022-02-03
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  • MHh
    ·2022-02-03
    Way more decisive than the Fed [Strong] 
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