BoE: We therefore call for another 50 bps increase in November – Rabobank – by MSalordFX BOE Banks
ted at 75 bps hike and one member a 25 hike. According to analysts at Rabobank, the slip decision reflects a very uncertain. They point out that strong fiscal easing opens the door to a 75 bps increase in November, especially if the market believes the government borrows too much. But they consider the uncertain growth and inflation outlook continues to favor a more gradual rather than a frontloaded approach.“The Monetary Policy Committee voted to raise the benchmark rate to 2.25% from 1.75%.
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