BOE Hikes Bank Rate, Surprising the Market Two Months in a Row

<p>The BOE surprised the market in two consecutive months. After failing to deliver rate hike in November, the members surprisingly increased the Bank rate by +15 bps to 0.25% in December. Concerns over elevated trumped Omicron variant uncertainty. British pound rallied against US dollar and the euro. The members voted 8-1 to increase the Bank [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/central-bank-analysis/420811-boe-hikes-bank-rate-surprising-the-market-two-months-in-a-row/">BOE Hikes Bank Rate, Surprising the Market Two Months in a Row</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>