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HomeEconomyBUSINESS LIVE: Markets await BoE rate hike; Whitbread sales jump

BUSINESS LIVE: Markets await BoE rate hike; Whitbread sales jump


BUSINESS LIVE: Markets Await Bank of England Rate Hike; Whitbread sales jump; DS Smith volumes remain weak

Markets expect the Bank of England to announce its 13th successive rate hike around noon, with the bank under pressure to bring down consumer price inflation, which remained at 8.7 percent in May.

Traders are currently split on whether the BoE will opt for a 25 bps hike to 4.75 percent or a larger 50 bps hike to 5 percent.

The FTSE 100 opens at 8am. Among the companies with reports and trade updates today are Whitbread, DS Smith and Speedy Hire. Read the Business Live blog of Thursday 22 June below.

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Merry C. Vega is a highly respected and accomplished news author. She began her career as a journalist, covering local news for a small-town newspaper. She quickly gained a reputation for her thorough reporting and ability to uncover the truth.

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