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Investors trim bets on Bank of England rate hikes after CPI data
LONDON, May 20 (Reuters) - Investors reduced their bets on the Bank of England raising interest rates in the coming months after official inflation data came in weaker than expected on Wednesday.
UK rate futures pointed to around 52 basis points of BoE policy tightening by December - representing full pricing of two quarter-point rate hikes - down from about 60 bps on Tuesday. (Writing by William Schomberg; editing by Sarah Young)
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