BoE leaves financial institution price unchanged at 3.75% in June assembly, as anticipated

• Prior 3.75%
• Bank rate vote 0-7-2 vs 0-7-2 expected (Pill and Greene voted to hike rate by 25 bps)
• BoE repeated that MPC stand ready to act as necessary to ensure CPI meets 2% target in the medium term

Coming into the meeting, the market was pricing 35 bps of tightening by year-end with 58% chance of a rate hike in September.

This article was written by Giuseppe Dellamotta at investinglive.com.