# Investors underwhelmed by BoE rhetoric after first interest rate hike in 10 years  | Trustnet

> Investment commentators described the Bank of England's first rate hike in a decade as largely priced in and underwhelming, with the governor's remarks suggesting few further hikes. The hike followed CPI inflation rising to 3.0%, a 5.5-year high.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/68241-investors-underwhelmed-by-boe-rhetoric-after-first-interest-rate-hike-in-10
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The muted outlook for UK rates has little direct effect on feed commodity prices, though it reinforces a softer sterling that affects UK feed buyers' import costs.

## Sources

- trustnet.com: https://www.trustnet.com/news/770376/investors-underwhelmed-by-boe-rhetoric-after-first-interest-rate-hike-in-10-years

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