Article 2Y8HE The Bank keeps hinting at a rate rise. Markets will only listen for so long

The Bank keeps hinting at a rate rise. Markets will only listen for so long

by
Larry Elliott Economics editor
from on (#2Y8HE)

Bank of England's suggestion that a hike is nearing is risky. Also, how the rising Dow shows Trump is delivering - for the rich

The Bank of England speaks like a hawk. It acts like a dove.

Those in the City expecting the Old Lady to do what it has not done for a decade - raise interest rates - would have been brought up short by the latest decision of its monetary policy committee. At 6-2 for borrowing costs to remain at 0.25%, the vote wasn't even close.

Related: Bank of England keeps interest rates on hold despite inflation fears

Related: Dow soars to record high as it crosses 22,000 mark for the first time

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