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BoE Raises Interest Rates To 0.75%

The Bank of England raised interest rates today to 0.75%, in a unanimous verdict. David Slater, manager of the Trium Macro Rates Fund, feels that the hike seeks to bolster the UK's economic position post-Brexit. “Having already done the heavy lifting by preparing the market for a hike, the Bank of England delivered as expected today. Preparing the market was no mean feat, given UK growth is lower than in recent years and overall this year the data has been somewhat mixed. However, its decision was supported by a growth forecast for 2019 revised slightly higher and the positive outlook presented from...