Economist Says BOE Vote Points to Further Rate Hikes
ICAEW economist Suren Thiru says strong backing for the Bank of England’s hike to 4.0% and the minutes’ tone suggest further increases are probable, though most policymakers are in no hurry to tighten aggressively.
Policymakers' strong backing for the Bank of England's hike to 4.0% and the tone of the minutes suggest further increases are probable, even if most are in no hurry to tighten policy aggressively, ICAEW economist Suren Thiru says. "This rate rise signals a sizable shift in direction," he says. U.S…