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Traders blast BoE’s Bailey after shock interest rate u-turn
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City traders raised questions over the credibility of Bank of England governor Andrew Bailey’s after the central bank's surprise decision to hold off on an interest-rate hike that futures markets had fully priced in.
The BoE decided to keep interest rates at 0.1%, rather than raise them to 0.25%, in a 7-to-2 vote. By a 6-to-3 vote, the central bank kept its quantitative easing program unchanged that’s due to expire next month.
The...
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