Bank of England show of independence leaves Chancellor with a headache, says Rathbones

Rathbones: Bank of England show of independence leaves Chancellor with pre-budget headache - Wealth DFM

The Bank of England’s move to hold firm on policy has underlined its independence but left the Chancellor facing difficult choices ahead of November’s budget, with markets unsettled by expectations of prolonged high rates and unease over quantitative tightening. Commenting, John Wyn-Evans, Head of Market Analysis at Rathbones, says: “The Bank of England’s decision to hold rates at 4% was no surprise. The majority of the Monetary Policy Committee…

Bank of England show of independence leaves Chancellor with a headache, says Rathbones