BoE could hike by 50 bps later in the week – UOB – by pabspiovano BOE InterestRate CentralBanks Banks UnitedKingdom
“With the worsening in the cost-of-living crisis, we see room for only a further 50bps increase in the Bank Rate to 2.25%, before a pause thereafter.”has warned that ‘policy is not on a pre-set path’, as it projects a UK recession will begin in the fourth quarter and last all the way through next year”.for the peak of inflation to 13.3% in Oct amid a surge in gas prices, and warned that price gains will remain elevated.
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