How will a Bank of England interest rate hike affect the economy?

Ellington, M. & Milas, C. (2017). How will a Bank of England interest rate hike affect the economy?
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In anticipation of the Bank of England’s interest rate hike, Michael Ellington and Costas Milas consider the Monetary Policy Committee’s options, and suggest that a hike be avoided until the direction of the Brexit negotiations becomes clearer.

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