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JP Morgan reiterate their Bank of England forecast, expect +25bp rate hike in June

JP Morgan reiterate their Bank of England forecast, expect +25bp rate hike in June
On Wednesday we had higher than expected UK CPI data:ForexLive European FX news wrap: UK core inflation runs hotVia JP Morgan:This is the third consecutive large upside surprise in the UK inflation data While we think today’s news presents a good case for the BoE to consider a 50bp hike next month, we are maintaining our forecast for a 25bp hike at the June meetingDates ahead for the Bank of England Monetary Policy Committee meetings: This article was written by Eamonn Sheridan... Read More
Posted: May 25 2023, 00:41
Author Name: forexlive
Views: 110653

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