BUSINESSglobal
Hawkish Bank of England propels rate hike expectations
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Updated 2 hours ago
First seen March 20, 2026 00:25:47Stay on top of this story
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Quick Summary
The Bank of England’s unquestionably hawkish decision to hold rates has opened the door to future hikes if energy prices stay elevated. Yet we’d be careful in drawing clear signals from today’s move, which also floated the possibility of faster rate cuts. Under ING’s base case energy scenario, we think the most likely path forward ...