European stocks advanced on Thursday and bond yields dipped after the U.S. Federal Reserve raised interest rates by 50 basis points, as widely expected, but struck a less hawkish tone than some had feared, saying inflation will "flatten out" over the coming months.
The Bank of England's monetary policy announcement is due at 7:00 am ET. The central bank is widely expected to raise its key rate by 25 basis points to 1 percent from 0.75 percent.
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