BOE Hikes 25bps In Three Way Split, Keeps Forward Guidance For More Hikes

With the market split ahead of today’s BOE decision whether the central bank would hike 25 or 50bps (markets priced in a 1-in-3 chances of another 50 basis point jump following last month’s 50bps hike), moments ago the mystery was settled when the BOE raised the key rate by a dovish quarter point to 5.25%, […] Source