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From four hikes to two? Investors rein in Bank of England rate bets

Experts whipsawed today on the number of Bank of England rate rises expected this year, even as mortgage pricing continues to tighten and product choice shrinks. Speculation is now rife over how many additional moves the Monetary Policy Committee (MPC) will deliver – if any. At the start of trading on Monday, interest-rate derivatives implied that investors saw a clear risk of four quarter‑point increases before year‑end, taking the Bank Rate from 3.75% to 4.75%, according to reports in the Financial Times and The Guardian [...]