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The Zhitong Finance App learned that the Bank of England's decision to raise interest rates was implemented as scheduled, but the nine votes in favor of tightening the consensus were stronger than the economists' unanimous judgment before the meeting. On November 5, the Bank of England raised the benchmark interest rate by 25 basis points to 4%; eight members supported this margin, while Catherine Mann advocated a 50 basis point increase in interest rates. Compared to the “seven people support the interest rate hike and the two support remain unchanged,” the actual results mean that all nine members have tightened their support. As far as the market is concerned, the new information is that the central bank's concerns about the continuation of inflation have expanded, and the threshold for resuming interest rate cuts in the short term has been further raised.
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The Zhitong Finance App learned that the Bank of England's decision to raise interest rates was implemented as scheduled, but the nine votes in favor of tightening the consensus were stronger than the economists' unanimous judgment before the meeting. On November 5, the Bank of England raised the benchmark interest rate by 25 basis points to 4%; eight members supported this margin, while Catherine Mann advocated a 50 basis point increase in interest rates. Compared to the “seven people support the interest rate hike and the two support remain unchanged,” the actual results mean that all nine members have tightened their support. As far as the market is concerned, the new information is that the central bank's concerns about the continuation of inflation have expanded, and the threshold for resuming interest rate cuts in the short term has been further raised.
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