Deutsche Bank expect +25bps rate hike from the Bank of England this week – ‘close call’

A snippet on what Deutsche Bank is expecting from the Bank of England:

  • expect a +25bps hike taking the Bank Rate to 5.25%
  • it is a close call between that and +50bps
  • Beyond next week’s decision, see two more +25bps hikes
  • rate cuts potentially starting from Q2 of 2024

Announcement due at 1100 GMT, which is 0700 US Eastern time:

This article was written by Eamonn Sheridan at Source