The BoE’s Monetary Policy Committee meets on Thursday, November 4, 2021.
- Of them have already voted for a stricter policy, but not through rate hikes,
- and another of them, including Governor Andrew Bailey, are expected to join them in a push for higher borrowing costs
- Three other officials are considered resolutely accommodating,
- leave the balance of power in the hands of Ben Broadbent and Jon Cunliffe, who haven’t spoken publicly about rates recently
Mine daring. There’s more on that link above, more details on the nuances of the dovish and hawkish point of view. A rate hike is not yet a done deal.
There will be more to come on what to expect from the BoE in the days to come.
Invest in yourself. See our forex education center.