JP Morgan expects BoE rate hike
JP Morgan expects the Bank of England to raise interest rates following its decision to hold borrowing costs. The central bank voted to keep rates steady while warning inflation could top four percent.
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JPMorgan Chase & Co expects the BoE to raise interest rates by 25 bps in February. The forecast follows a central bank vote to keep borrowing costs steady amid rising inflation risks. JPMorgan warns that further tightening could materialize if geopolitical conflicts persist.
