Prior 3.75% Bank rate vote 0-8-1 vs 0-8-1 expected (Pill voted to raise bank rate by 25 bps) Statement details to follow..
Prior 3.75% Bank rate vote 0-8-1 vs 0-8-1 expected (Pill voted to raise bank rate by 25 bps) Statement details to follow.. Coming into the meeting, traders were pricing in ~70% odds for a rate hike in June with the first full 25 bps rate hike priced for July.
As for the year, traders were pricing in ~70 bps of rate hikes by the time we get to the final December meeting. More to come.. This article was written by Justin Low at investinglive.com.