Bank of England hikes Official Bank Rate

Source: Dukascopy Bank SA


The Bank of England has increased its Official Bank Rate from 3.50% up to 4.00%. The members of the Monetary Policy Committee voted as follows. Seven cast votes for a rate hike and two voted for keeping rates unchanged.

In addition, the bank has published its Monetary Policy Summary and Monetary Policy Report.

The increase and voting numbers were expected by the markets. However, the event still caused a surge of the Pound against peer currencies.
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