Aug
2

Bank of England Base rate up to 0.75%

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The Hawks have it. The Bank of England’s Monetary Policy Committee have voted unanimously to increase the Base Rate by 0.25% to nearly a decade high of 0.75%

Given the economic outlook, productivity gaps, strength of the pound and Brexit uncertainty I see this as a short term decision if not possibly one that will be undone later on down the road.

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