BOE Hawks Signal First Back-to-Back Hikes Since 2004
(Bloomberg) -- The Bank of England is set to deliver the first back-to-back rate rise since 2004, according to analysis of comments from policy makers by Bloomberg Economics. A decision to lift the benchmark lending rate to 0.5% could also start the unwinding of the U.K. central bank's 895 billion pound ($1.2 trillion) asset purchase program. Still, with the BOE surprising investors after its past two meetings, there's questions about exactly what signals officials will give about the outlook for inflation and growth.
©2022 Bloomberg L.P.
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