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JP Morgan expect Bank of England rate cycle over, but point out 2 risks to this view

The Bank of England held its benchmark steady at Thursday's Monetary Policy Committee meeting:ForexLive European FX news wrap: SNB and BOE surprise by keeping interest rates unchangedJP Morgan says that while the Bank left the door open for further hikes, if needed, many in the market now think the cycle of higher interest rates is over. Indeed JPM see the Bank on hold again at its next meeting in November and through 2024. However, adds JPM:We see two key risks to this view. In terms of the dom... Read More

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Posted: Sep 21 2023, 20:30

Author Name: forexlive

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