Benchmark
BOE Hawks May Be Aiming For Reset, Not Lift Off
Policy makers may take a leaf out of the Fed's book when it comes to tightening
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Bank of England officials are laying the ground for the first rate hike in more than a decade, but don’t expect that to herald the start of a full-blown tightening cycle.
Minutes from the bank’s September meeting, released Thursday, warned that an interest-rate increase could happen within months if the economy performs as officials expect. That prompted traders to ramp up bets that policy makers are finally ready to deliver their first hike in more than a decade.