BofA forecasts two BoE rate hikes
Bank of America forecasts the Bank of England will raise interest rates twice in coming months. Higher energy prices and persistent inflation risks drove the revised outlook. Markets currently price in a high chance of tightening.
Xurve View
Insights:
Xurve View
BANK OF AMERICA CORP forecasts the Bank of England will raise interest rates twice by 25 basis points over the next six months. The shift follows a surge in Brent Crude Oil and Natural Gas prices. Persistent inflation risks have driven major brokerages to reprice their UK monetary outlook.
