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NatWest cuts Bank of England peak rate to 5.50% from 6.00%
The tone from the Bank of England was less-hawkish today and that's led NatWest to cuts its terminal peak rate forecast to 5.50% from 6.00%.Market pricing puts the terminal rate at 5.70% next March. For the upcoming meeting on Sept 21, the market is at a 61% chance of a 25 bps hike with the remainder on 'no change'. This article was written by Adam Button at www.forexlive.com...
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Posted: Aug 3 2023, 15:52
Author Name: forexlive
Views: 110844