BOE Not Hiking Rates Would Be a 'Scandal,' Says RBC's Lignos

The transcript discusses the Monetary Policy Committee's (MPC) decision to lift rates, highlighting the expectations set during the May meeting and the data alignment since then. It explores the impact of Brexit on market pricing and the potential for rate hikes. The discussion also covers market reactions, the importance of maintaining credibility, and the consequences of not hiking rates, emphasizing the pressure on the Bank of England to act decisively.

What factors have contributed to the market's expectations regarding rate hikes?

What was the sentiment expressed about Mark Carney's credibility in relation to rate hikes?