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BOE hikes policy rate by 50 bps to 1.75% as expected

Adel 4 August, 2022 3:15 pm Forex Market, Market Update

Following its August policy meeting, the Bank of England announced that it raised the policy rate by 50 basis points to 1.75% as expected.

The policy statement revealed that Monetary Policy Committee (MPC) member Silvana Tenreyro voted to hike the rate by 0.25 basis points.

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