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Economists expect 50 bps hike at the next BOE meeting, still see top at 4.25%
- The peak is now seen in Q1 compared to Q2 previously
- 29 of 42 economists see a 50 bps hike on Feb 2 (would bring rates to 4.00%)
- 13 economists see 25 bps on Feb 2
- Median forecast for March is 25 bps
- Market pricing currently 70% for 50 bps and 30% for 25 bps
- 20 of 24 economists said greater risk was more hikes
- Economists see GDP -0.3% this quarter and next.
The BOE's Bailey said last week there was more optimism about the prospec... Read More
Posted: Jan 24 2023, 13:04
Author Name: forexlive
Views: 110853