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Bank of England set for December rate hike despite surprise decision
Bank of England defies markets and keeps rates on hold ‘We will have to act’ – but not today. Despite some hawkish hints over recent weeks from Governor Andrew Bailey, the Bank of England has voted 7-2 to keep interest rates on hold at its November meeting. Its latest statement however leaves little doubt that a rate rise is on the way – and in all likelihood, the committee will vote for a hike in December. Policymakers have, sensibly we think, opted to wait for more information on how the recent end of the furlough scheme has played out. Early signs suggest there has been no material rise in unemployment ... (full story)
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