Central banks around the world, including the US Federal Reserve, have turned more hawkish lately-pivoting from supporting a COVID-ravaged economy to fighting stubbornly high inflation. The Bank of England (BoE) continued that trend at its February meeting.

The BoE not only raised rates following a December rate hike but also made clear that it strongly considered being even more aggressive. Four of the nine members of the Monetary Policy Committee (MPC) voted for a 50 basis point (b.p.) hike, rather than the 25 b.p. increase delivered.

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AllianceBernstein Holding LP published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 22:17:05 UTC.