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Bank of England could be about to hike rates in the face of surging inflation
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cnbc.comLONDON — The Bank of England's Monetary Policy Committee will meet Thursday to decide whether to pull the trigger on interest rate hikes.
Policymakers have intimated that a hike is imminent, but the nine-member MPC will need to determine whether to tighten policy this week or wait until its mid-December meeting, in light of persistent above-trend inflation and moderating growth.
Markets are uncertain about the timing, with analysts suggesting the vote is likely to be split. Some BOE policymakers, such as Governor Andrew Bailey and renowned hawk Michael Saunders, have hinted that they could back an immediate hike, while others have seemed more reluctant.
Silvana Tenreyro signaled recently that she would need to see further labor market data
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