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via fxstreet.comEconomy

BoE raises Bank Rate by 25bp to 4.00% in a divided vote

FROM THE WIRE · FXSTREET.COM

The Bank of England (BoE) raised its Bank Rate by 25 basis points to 4.00%, with eight policymakers backing the move and Catherine Mann preferring a larger 50-basis-point increase.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA central bank policy rate change can move sterling and government bond prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of England raised its Bank Rate by 25 basis points to 4.00%.
  2. 02Eight policymakers backed the move.
  3. 03Catherine Mann preferred a larger 50-basis-point increase.
  4. 04The BoE warned that the energy shock is not over.

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