BoE Hikes to 4% as Inflation Forecast Nears 5%, but MPC Divides Over What Comes Next

BoE raised Bank Rate by 25bps from 3.75% to 4.00% at its November meeting, as the prolonged Middle East energy shock pushed the inflation outlook significantly higher. The Monetary Policy Committee voted 8–1 for the increase, with Catherine Mann dissenting in favour of a larger 50bps hike to 4.25%. The Bank now expects CPI inflation, […] The post BoE Hikes to 4% as Inflation Forecast Nears 5%, but MPC Divides Over What Comes Next appeared first on ActionForex.