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BOE Officials Double Down on Signals of Imminent Rate Hike

  • Saunders tells U.K. to brace for significantly earlier rise
  • Governor Bailey warns against potentially damaging inflation
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WATCH: Two BOE officials are reinforcing market bets that a rate hike may be imminent. Lizzy Burden reports.(Source: Bloomberg)
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Two Bank of England officials moved to reinforce signals of an imminent rise in U.K. interest rates to curb inflation, with one telling households to brace for a “significantly earlier” increase than previously thought.