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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (154816)	6/22/2023 9:02:23 AM
From: Goose94	Read Replies (1) of 202693

HUV-T: Bank Of England Unleashes Supersized Hike Speaking of that higher rates picture, the Bank of England surprised markets with a supersized rate increase this morning – going a full half a per cent to bring the benchmark rate to five per cent – underscoring that this fight to quell inflation is a global one, rather than localized on this side of the pond. It wasn’t unanimous – the nine member committee voted 7-2 to go the full 50 basis points – but it’s still something of a surprise, as markets had only priced in a 40 per cent chance of an increase of this magnitude. And the BoE says it may not be finished yet, warning that if price pressures persist (you’ll remember we were told inflation held firm at 8.7 per cent just yesterday), there could be more increases in the offing. BNN.ca

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