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Correct, but they are not raising rates as aggressively as the US. Powell was not afraid to do 75bps, while the BoE is already giving out dovish signals after a
by enlyth 4y ago
Correct, but they are not raising rates as aggressively as the US. Powell was not afraid to do 75bps, while the BoE is already giving out dovish signals after a 25bps hike last month.
- mytailorisrich 4y agoMany experts think that raising BoE rates will do more harm than good: * inflation is mostly imported * cost of living crisis * incoming recession So they are under pressure to both try to contain inflation (but see above) and prop up economy.