UK Bonds Pay the Price After Bank of England Loses the Plot
- BOE guidance raises question: what exactly it is waiting for?
- Gilts likely to sell off in the coming months on guidance
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The Bank of England seems to have had a sudden epiphany about the threat of rising inflation, but its muddled response means that gilts will continue to feel the jitters in the coming months.
On Thursday, the monetary authority raised rates by 25 basis points, in line with expectations, but its guidance raised more questions than it answered.