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Pictet: BoE rate hike signals dovishness

The Bank of England (BoE) may have increased interest rates (25 bps) for the first time in a decade, but key omissions in its latest statements signal dovishness moving forward with Pictet maintaining that any additional rate hikes from here on will require a Brexit transitional deal. Although the Monetary Policy Committee (MPC) voted 7-2 in favour of a rate…

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