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The Bank of England voted 8-1 to raise its interest rate to 0.25% from a record low of 0.1%, despite Omicron concerns. The bank forecasts inflation reaching 6% in April, and the move surprised markets that had expected a February hike.
A surprise UK rate hike lifts sterling and tightens financial conditions in the UK. Feed importers priced in dollars may face changed costs as sterling moves.
haberintelifi.aa.com.trOvunc KutluDec 17, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
