UK Gilt Yields Explode Higher On Surprise BoE Rate-Hike Threat

UK Gilt Yields Explode Higher On Surprise BoE Rate-Hike Threat The Bank of England shocked markets this morning, signaling that it is prepared to raise rates to counter a pickup in inflation driven by the conflict in the Middle East. Specifically,t he BoE said it would act to counter the pickup in inflation if it threatened to become persistent, but faced high levels of uncertainty about the outlook and would seek greater clarity before deciding on the path for interest rates. "...

By Tyler Durden