MM117: Bank of England shocks markets & 5 useful tips if you don't have an internship this summer
Market Maker
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The Bank of England's Inflation Hike
UK inflation in fact was quite substantially higher than they were expecting. The first hike is very meaningful in the cycle because it sets the starting gun and of a series of hikes. It's hard to really see the credibility of do they have control? Are they able to manage this period of economic stress appropriately without the tail end effect of increasing the chance of recession, essentially?
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