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Barclays: BOE rate hike expectations and voting split projection for Thursday's meeting
Barclays Research continue to expect 50bps hike from the BoE at tomorrow's meeting.Main Points:Rate Hike Expectation: Barclays reiterates its expectation for a 50 basis points (bps) rate hike by the Bank of England (BoE) in the upcoming meeting scheduled for 3 August. If their prediction holds true, this would take the Bank Rate to 5.5%.Rationale for the 50bps Hike: Barclays believes the BoE's decision to hike by 50bps in June indicates a strategic shift in the bank’s reaction function. The...
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Content Topics
Barclays
Rate
Hike
Expectations
Voting
Split
Projection
Barclays
Thursday s
Meeting
Forex
Posted: Aug 2 2023, 18:57
Author Name: forexlive
Views: 092175