Half-Point BOE Rate Increase Looks a Done Deal for Traders
- Swaps are pricing a 50-basis-point hike in upcoming meetings
- The bets come despite pushback from governor, chief economist
The Bank of England (BOE) in the City of London, U.K.
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Traders priced in an unconventional half-point interest-rate hike from the Bank of England, betting that policy makers will front-load tightening to stem accelerating inflation.