A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest.
The Bank of England governor on Thursday talked down expectations that it is readying to pause or pivot rate hikes, noting that there is still some way to go in taming inflation.
The central bank’s Monetary Policy Committee voted 6-3 in favor of the half-percentage point hike.
Harry Kane blazed a late penalty over the bar as England’s World Cup dreams ended with a 2-1 defeat in the quarter-finals to defending champions France.
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