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Bloomberg. the Bank of England as expected coming through at 0.75% from 0.5% previously to a 25

basis point hike from Governor Carney and the MPC. Let's cross over to just

outside of Threadneedle Street and around the corner where Nera Church is standing by.

Bloomberg's very own, Nera go through the headlines for us and get us up to speed on what we're learning this morning from the Bank of England.

Yeah, thanks so much, John.

This is a unanimous vote for that rate rise.

Of course, the rate rise was highly expected,

but economists were perhaps expecting a 72 vote.

We've got 9-0 on the MPC.

So perhaps that might send a little bit of a hawkish signal to the

market's more than that as well what we've got is the long-term trend equilibrium rate

the BOE sees that at about 2 to 3%.

This is interesting because remember this is the first time

we're getting that R-star from the BOE

might give some signal to where rates settle in the future

and perhaps affect that forward curve somewhat.

Now some economists, many of them were saying

...