Kate Andrews Kate Andrews

Is Andrew Bailey finally learning his lesson?

Andrew Bailey (Credit: Getty images)

Last month the Bank of England announced its tenth rate rise in a row, taking interest rates to 4 per cent. At the time it was speculated that the BoE might end there: not only were rates now catching up with market expectations of where they would peak, but there seemed to be more agreement within the Monetary Policy Committee, based on the way its members were voting, that it was time to slow down.

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