- Rate hikes should be handled with caution
- Can’t try to fight inflation with a very severe rate hike
- We have a challenge in the way we communicate
Meanwhile, BOE policy chief Catherine Mann says she can’t yet comment on peak interest rates. Adding that the situation depends on the data. Definitely. Either way, markets have adjusted their view of the BOE rates upwards over the past week, with the curve now peaking at around 5.01%.
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