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πŸ‡¬πŸ‡§ BoE's hawkish dissenters are looking better by the day as UK inflation reaccelerates

πŸ‡¬πŸ‡§ BoE's hawkish dissenters are looking better by the day as UK inflation reaccelerates

UK CPI reaccelerated to 2.9% in July, up from 2.6%, vindicating the three Bank of England policymakers who voted for a hike that month while the majority held rates at 3.75%. Gilt yields near cycle highs pile on the pressure ahead of the September 17 decision.

Area and line chart of outstanding ILTR and STR drawings in Β£ billions plus number of counterparties, 2022–2025, with event markers.
World Data Analysis, drawing on Bank of England figures, shows ILTR take-up accelerating after the facility's recalibration as banks shift toward longer-term indexed funding alongside heavy short-term repo use. Source

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