IT is one thing to keep the markets guessing, it’s quite another to send them astray. Perhaps attempting to do the first, the Bank of England (BoE) squarely ended up doing the latter.
Ever since minutes of the September meeting flagged that the central bank may be ready to raise rates before the expiry of quantitative easing in December, it was fair game for rates traders to prepare for an increase in the bank rate sooner rather than later.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!