Citi and Goldman forecast BoE rate hikes
Citigroup and Goldman Sachs now forecast Bank of England interest rate hikes later this year due to persistent inflation pressures. Goldman expects a move in November, while Citigroup anticipates hikes in November and February.
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CITIGROUP INC and GOLDMAN SACHS GROUP INC shifted rate forecasts on Monday, predicting Bank of England rate hikes later this year amid persistent inflation. Both brokerages previously expected borrowing costs to remain unchanged throughout 2026. The policy pivot reflects mounting pressures from surging wholesale energy costs and stronger-than-expected economic growth in the United Kingdom.
