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Nomura expect a +25bps rate hike from Bank of England today, but +50 remains on the table
Nomura preview the Bank of England monetary policy decision due today, Thursday, 3 August 2023. Analysts at the bank say the debate around the Monetary Policy Committee table will be on +25 or +50 basis points, but +25 will win out. With the inflation data having softened, there being more signs of an easing labour market (albeit from very tight levels in the first place) and some key surveys highlighting downside risks to the growth outlook, we think the Bank will be cautious and hike by a quar...
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Posted: Aug 2 2023, 21:06
Author Name: forexlive
Views: 112274