The BOE is set to meet on Thursday and is expected to hike by 25 bps as it aims to respond to the banking crisis with targeted measures. Meanwhile, CPI surged to a 40-year high, adding more pressure to the MPC.
The BoE is expected to hike interest rates by 75 basis points on Thursday, the most prominent hike in over 30 years, despite "flying blind" into the MPC.
The Pound sterling dropped on Wednesday in the wake of developments in U.K. public health and monetary policy; will its Thursday morning recovery continue?
Bank of England’s Monetary Policy Committee will convene this Thursday in London. Inflation forecasts are expected to be raised.
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