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Central Banks

BOE Expected to Overtake Fed With Higher Rates as Inflation Surges

  • Traders now expect BOE’s key rate will overtake US Fed’s
  • Hot inflation is making investors recalibrate bets on UK rates
The Bank of England (BOE).

The Bank of England (BOE).

Photographer: Simon Dawson/Bloomberg

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Traders are wagering the Bank of England’s key rate will soon overtake the Federal Reserve’s as UK policymakers amp up their inflation fight.