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BENGALURU, Sept 14 - The Bank of England will hike its main interest rate by 25 basis points on Sept. 21 to its highest in more than 15 years, a Reuters poll of economists showed, with a significant minority saying there was still room for further tightening this year.
Nearly all 65 economists in the Sept. 11-13 Reuters poll expected the BoE to hike its Bank Rate by 25 basis points to 5.50% this month, in line with interest rate futures pricing. Only one expected no move. Nine of 16 gilt-edged Market Makers that participated in the poll predicted a 5.50% peak rate and seven said 5.75%.BoE Governor Andrew Bailey said last week the central bank was"much nearer" to ending its rate rising cycle while hinting at a September hike. Catherine Mann, a known hawk, said on Monday it was better the central bank erred on the side of raising rates too high rather than stopping prematurely.
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