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Analysts at Barclays believe that the Bank of England (BOE) will raise the benchmark interest rates by 25bps when it meets tomorrow at its monetary policy meeting

Key Quotes:

“We believe that the MPC  will raise policy rates by 25bp  … in line with recent policy statements and broadly consistent with resilient albeit unimpressive data. We expect an 8-1 split vote in favor of a policy rate hike, but a unanimous vote on Asset purchase programme.”