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What is priced in ahead of the BOE policy decision tomorrow?
As inflation continues to be a problem and wages data remain strong, the BOE will have not have much of a choice but to raise the bank rate by another 25 bps this week. The decision tomorrow is pretty much a given but the question will be how much more does the central bank need to curb inflation pressures?Ultimately, that will come down to the data but it needs reminding that the expectation going into tomorrow is one that has been watered down after the UK June CPI figures here. At the time, t...
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Posted: Aug 2 2023, 10:55
Author Name: forexlive
Views: 080819