Bank of England to add 50 bps to Bank Rate on December 15; peak at 4.25% in Q2 – Reuters poll

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“The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to 3.50%, despite the economy falling into recession, as it battles inflation running at more than five times its target,” stated the latest survey from Reuters.

Also read: GBP/USD eyes more gains above 1.2250 amid upbeat market mood, UK GDP eyed

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