Analysis-Bank of England keeping its options open for future rate hikes

Investing.com | Jun 16, 2022 at 9:02 PM
  • The Bank of England has kept investors guessing about whether it is part of the pack of central banks signalling further big increases in interest rates in the face of the most severe inflation surge in decades.
  • After the announcement, interest rate futures were pricing in a roughly 60% chance of the BoE delivering its first 50 basis-point hike since 1995 at its next meeting in August.
  • The BoE under former governor Mark Carney was accused by a British lawmaker of being an “unreliable boyfriend” after its signals about when interest rates were likely to go up were knocked off track by the economy’s twists and turns.