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What is priced in for the BOE policy decision tomorrow?

What is priced in for the BOE policy decision tomorrow?
With high inflation still proving to be a problem in the UK, the BOE is being cornered into another rate hike this week. A 25 bps move is the most likely outcome and that is something that markets are well expecting.The OIS market pricing is in fact showing 100% odds already factored in for a 25 bps rate hike tomorrow. And here is the evolution of the curve since the UK CPI report that came out last month on 19 April:At one point, traders were even rather assured of the bank rate hitting 5.00% b... Read More
Posted: May 10 2023, 07:42
Author Name: forexlive
Views: 102056

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