Business & Finance
BOE Rate Hike a ‘Big One and Done,” Says BNY’s Yu
Key Points
Nov 5th, 2026 BOE Rate Hike a ‘Big One and Done,” Says BNY’s Yu “Probably it’s an insurance move,” says Geoffrey Yu, senior market strategist at BNY, as the Bank of England voted 8-1 to raise rates by a quarter point. He sees the messaging “not envisaging further moves” by the central bank’s Monetary Policy Committee. He speaks on “Bloomberg Surveillance.”
Nov 5th, 2026
BOE Rate Hike a ‘Big One and Done,” Says BNY’s Yu
“Probably it’s an insurance move,” says Geoffrey Yu, senior market strategist at BNY, as the Bank of England voted 8-1 to raise rates by a quarter point. He sees the messaging “not envisaging further moves” by the central bank’s Monetary Policy Committee. He speaks on “Bloomberg Surveillance.”