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ICYMI - JPMorgan sees the Bank of England Bank Rate rising to 4.25% by Q1 2023

ICYMI - JPMorgan sees the Bank of England Bank Rate rising to 4.25% by Q1 2023

Via Reuters overnight ICYMI:

  • J.P.Morgan sees BOE's Bank Rate rising to 4.25% by the first quarter of next year, noting that fiscal policy is set to tighten with a lag, and monetary tightening "will take longer to bite than in the past".
  • it expects a contraction in the UK's economy in 2023, forecasts UK GDP -0.6% next year (compared with +4.3% in 2022)JPM cite tighter monetary and fiscal policy, economic damage from the pandemic and Brexit

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Posted: Nov 29 2022, 23:36
Author Name: forexlive
Views: 111741

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