BoE interest rate decision - 'Market has got ahead of itself'

Markets are currently pricing in a 90% chance the Bank of England (BoE) will raise rates by 0.25% for the first time since June 2007 at its November meeting today with all signs seeming to point to a hike. BoE governor Mark Carney last month revealed a more hawkish stance when he said the Bank could begin "easing its foot off the accelerator" before the end of the year. Furthermore, although the MPC held rates at 0.25% in September, minutes said a tightening of monetary policy could occur due to the "slightly stronger than anticipated" UK economy. SocGen's Edwards: BoE monetary pol...