BoE MPC votes 9-0 to raise interest rates by 25bps

In its latest monetary policy meeting, held this Thursday, the BoE MPC voted 9-0  in favour of raising its key lending rate by 25 basis points to 0.75%.

The decision was already priced in and hence, the key focus would be on the BoE’s Quarterly Inflation Report (QIR). This along with the BoE Governor Mark Carney‘s post-meeting presser will play a crucial role in setting up next leg of the directional move for the British Pound.

Meanwhile, it was also a  unanimous vote to keep asset purchase facility at £435 billion and corporate bond target at £10 billion.