# Bank of England hints at earlier and larger rate rises

> The Bank of England kept rates at 0.5% but signalled that rate rises could come earlier and by a somewhat greater extent than previously expected. Economists see a possible hike as soon as May, and sterling jumped about 1% against the dollar and euro.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/66734-bank-of-england-hints-at-earlier-and-larger-rate-rises
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Tighter UK monetary policy strengthens sterling and raises borrowing costs for UK livestock and feed businesses, with limited direct effect on global feed commodity prices.

## Sources

- bbc.com: https://www.bbc.com/news/business-42986729

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.