Last week BoE increased rates by 15bp to 0.25%, the first rate hike since August 2018.The BoE opted to hike rates by 15bps with an 8:1 vote. Given that market were only 50% priced for a hike, itwas met with a strong move in sterling rates.With the MPC's confident discounting of Omicron effects on the outlook, it's clear thatthey've set themselves on a path to continue hiking rates through 2022.Market expectations are 2-3 hikes during next year, with the first hike in meeting in February followed by hike in May and August bringing the rate up to 1%
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Aadhya 
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