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Only new information from Tenreyro so far

BOE
  • Nothing new in comments from Bailey, Pill or Mann so far.
  • Tenreyro's comments are the only "new" information - she says that even without the hike in August, the 1.25% Bank Rate would have been enough to bring inflation back to target in the medium-term, but voted for a 25bp hike due to the upside risks to inflation. And that would enable the MPC to "reassess before Bank Rate is too far deep into contractionary territory"

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