Morgan Stanley sees BoE hikes in November and February
Morgan Stanley updated its Bank of England interest rate outlook to predict two upcoming quarter point hikes. Analysts point to fiscal policy as a potential catalyst for further tightening despite slowing growth.
Insights:
Morgan Stanley revised its Bank of England rate outlook on Friday morning, projecting two 25 basis point hikes in November and February. The firm previously expected the central bank to keep rates on hold for the foreseeable future. The policy shift arrives as fiscal policy emerges as a primary catalyst for tighter monetary conditions in the United Kingdom.
