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50bp with little guidance on what to expect going forward - remain data dependent

BOE
  • So 50bp hike with very little guidance on what to expect ahead (leaving all options open for the August MPR - when we will get a new set of forecasts too.
  • Looks as though we will continue to remain data dependent and there's nothing to steer us to the magnitude of the next hike other than the inflation and labour market data ahead.

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