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Bank of America now sees three more Bank of England rate hikes
There has been a parade of boosts to Bank of England rate hike forecasts today following hot inflation data. The CPI report showed prices up 8.7% y/y compared to 8.2% expected.Bank of America is the latest to raise their estimate of the terminal rate as they now see 5.25% compared to 4.75% before the data. The current rate is 4.25% and they now see a series of hikes through September.Bank of England Governor Andrew Bailey will speak again at the top of the hour. This article was...
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Posted: May 24 2023, 12:51
Author Name: forexlive
Views: 110794