BoE’s next rate decision may be overshadowed by turmoil

BoE policymakers, led by governor Andrew Bailey, may put more weight on markets than the Treasury’s fiscal stimulus. — Bloomberg

LONDON: In normal times, Chancellor of the Exchequer Jeremy Hunt’s decision to pump more than £20bil (RM108.8bil) a year into the UK economy might tip the Bank of England (BoE) toward raising interest rates again.

But growing turmoil in financial markets may well overshadow next week’s rate decision from the central bank.