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U.K. Rates Seen Rising in Early 2016 as BOE Shrugs Off Turmoil

  • Survey says China turmoil won't shift BOE from rate-hike path
  • One more MPC member may join McCafferty vote by year end
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Best of the Web: Will U.K. Raise Rates Next Year?

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Investors should brace themselves for an interest-rate increase in early 2016 as the Bank of England shrugs off recent financial-market turmoil, according to economists.

More than two-thirds of respondents to Bloomberg’s monthly survey said the weakening prospects for China’s economy aren’t enough to deter officials from removing the emergency stimulus that’s been in place since 2009. That chimes with the policy makers’ view that it would be premature to adjust their outlook when the U.K.’s expansion remains on track.