BOE December Rate Hike Bets Evaporate as Saunders Cites Omicron
- Arch hawk says they may be benfit on waiting for more data
- Official warns a delay may mean more painful tightening later
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The Bank of England’s leading inflation hawk said there could be advantages from waiting for more data on how the omicron variant of the coronavirus will impact the economy before raising interest rates, prompting investors to slash bets on a December hike.