showed just one of nine board members suggested reconsidering its policy of keeping bond yields low, and even then suggested it was best to wait a while.
Investors ramped up their bets on the Bank of England raising rates by a hefty half a percentage point, after data showed inflation defied expectations that it would slow and held at 8.7% in May. The latest figures make British inflation the highest of any major advanced economy once again, and sent the domestically focused FTSE 250declined 3% at one point as the prospect of more rate hikes raised fresh concerns about mortgage costs.
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MARKET WRAP: JSE and rand slide amid China fearsInvestors are also bracing for hawkish testimony from Fed chair Jerome Powell to Congress
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