BoE officials say central bank still on course for a hike

Ben Broadbent
Ben Broadbent: market-implied path for rates may be too shallow

The Bank of England is still on course for a rate hike as its next policy move, though the prospect of a turbulent Brexit in October could still sharply change the outlook.

Several members of the BoE’s monetary policy committee have emphasised the likely need for a rate hike in comments over the past few days. Ben Broadbent, Andy Haldane and Michael Saunders all indicated a hike was the most likely option, if the economy continues to evolve as expected.

The hawkish stance of many MPC members

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