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Goldman Sachs expects the Bank of England to hike by 50bp at its August meeting

UK economists at Goldman Sachs are expecting the Bank of England Monetary Policy Committee to raise the Bank Rate by 50bp at the August meetingGoldman Sachs forecast a Bank Rate peak of 6% in November this year. GS cite in reasoning:firm wage pressuresfirm inflationary pressuresWith mostly fixed-rate mortgages in the UK, our Economists’ models show that the stock of outstanding mortgages are responding more slowly to policy rate changes. This delayed adjustment in output puts upward pressure to... Read More

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Goldman

Sachs

Expects

Bank

England

Hike

50bp

August

Meeting

Forex

Posted: Jul 17 2023, 02:31

Author Name: forexlive

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