Bank of England Surprises But Still Conducting Policy Based on Hope.
Today we will look at the surprise rate hike from the Bank of England from 0.1% to 0.25% and why we do not think the Old Lady of Threadneedle street can commit to really fighting inflation how it should.
Our conclusion is that we could see a few more tiny rate hikes but nothing significant and the MPC actually pointed this out in its statement yesterday.
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