Analysts had tipped the central bank to make the rise and had expected the eight-strong rate-setting board to be unanimously in favour of the move. But three of the board backed a 50 basis-point rise, dissent which market participants took as a signal of a hike of a lesser magnitude in October.
The move follows news that the
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- All central banks may have to consider crypto-currencies – BIS