Traders Bet Bank of England Will More Than Double Rates by May
- Money markets signal a further 200 basis points of tightening
- UK bonds fell and the 2s10s yield curve inverted more deeply
A worker crosses the road outside the Bank of England in The City of London, UK.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
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Money markets are wagering that the Bank of England will more than double interest rates in nine months, after a hotter-than-expected UK inflation report.