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Saunders says he won't "definitely" vote for 50bp in June

BOE

"My recent votes for a 50bp hike (in February and May) do not automatically imply that I would definitely vote for a 50bp hike in the event that further tightening is required. My policy votes will depend on the economic outlook, and risks around the outlook, at the time. All else equal, the case for policy to move in a larger step is probably greater when Bank Rate is clearly below neutral. Nor do those recent votes for faster tightening early on necessarily imply that I believe the terminal rate (ie the level of rates at the end of a tightening cycle) will be above the yield curve used for the May MPR."

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