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UPDATE: Traders Price 6% Rates On Hot UK Inflation & Sounds Heard In Titanic Search.

Bloomberg Daybreak: Europe Edition

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The Bank of England's Strategy for Pulling Inflation Down

The Bank of England is expected to raise interest rates by 50 basis points on Thursday. But how high do they go? Will the market take a very hawkish signal from that or will it be better for them to wait and see if inflation continues to rise so quickly? The bank needs to decide at some point this is enough, just like the U.S. Federal Reserve has done with its rate hikes.

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