Bank of England announced its rate decision and raises it by 25bp as expected from 0.50% to 0.75% on Thursday, but the decision came in a unanimous vote, which came as a surprise to markets.
Seven members were expected to vote in favor of hike rates against two-member to keep them unchanged. It should be noted that the last time the Bank of England took such a decision was at last November's meeting. On the other hand, members unanimously voted in favor of keeping the size of the asset purchase program at 435 billion pounds as expected.
