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BoE’s Taylor Casts Doubt on Practicality of Single Rate Hike
Alan Taylor said higher energy prices must feed into broader inflation before the Bank of England raises rates, as the MPC held borrowing costs at 3.75%.
LONDON, Sept 29 (Reuters) - Bank of England policymaker Alan Taylor said on Tuesday it was unclear that it would be practical for the BoE to do a single rate hike to tame inflation without fuelling unwarranted market speculation of further increas...