BoE raises rates by a quarter point in 8-1 vote; BNY sees insurance move
FROM THE WIRE · FINANCE.YAHOO.COM
"Probably it's an insurance move," says Geoffrey Yu, senior market strategist at BNY, as the Bank of England voted 8-1 to raise rates by a quarter point. He sees the messaging "not envisaging further moves" by the central bank's Monetary Policy Committee. He speaks on "Bloomberg…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA central bank rate decision shifts expectations for sterling and the UK yield curve.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Bank of England voted 8-1 to raise rates by a quarter point.
- 02The expected vote had been 6-3.
- 03BNY sees the committee not envisaging further moves.