BOE rate-hike seen as “risk management” by ING note
Market talk cites an ING view that any BOE hike would be “insurance” rather than a shift implying broader inflation concerns, after the BOE held rates today and signaled future hikes could be possible.
Governor Andrew Bailey has said the Bank of England could raise interest rates, but James Smith at ING said in a note that such a move would be an insurance hike rather than a response to widening price pressures. The central bank left rates unchanged today, while signaling that future hikes could be…