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Market Extra: Dovish or hawkish? Bank of England leaves traders confused after ‘Super Thursday’

Was it dovish? Or was it actually hawkish? Confusion reigns among analysts after the Bank of England on Thursday cut its growth forecast, but warned interest rates could rise faster than markets are currently pricing in.

In its closely watched trio of releases — its rate decision, monetary policy statement and quarterly inflation report — the U.K. central bank said economic growth and wages remain sluggish in the near term because of uncertainty over the U.K.’s exit from the European Union. That led policy makers to leave the key interest rate at an all-time low of 0.25%, where it has stood since August last year in the aftermath of the Brexit vote.

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