Daily Alert: Time to reflect as the BoE rate hike delivers another 2021 surprise
Following yesterday’s hawkish tilt by the FOMC, the BOE went one better by surprising markets and voting 8-1 to hike the bank rate by 15bps to 0.25%, the first G7 central bank to hike post-COVID-19.
However, ECB President Lagarde reaffirmed 2022 ECB rate hikes were very unlikely despite possible upside risks to the inflation outlook.
This is our last Daily Alert for 2021. Tune in on the 17th January for our first full daily update for 2022. Have a safe and enjoyable holiday break.