BoE: A larger hike but updated guidance to weigh on the pound – MUFG BOE GBPUSD InterestRate Banks
decision at 12:00 GMT. Economists at MUFG Bank expect the British Pound to continue weakening after the announcement.“We expect the BoE’s updated inflation projections to continue signalling that inflation is expected to fall back well below target by the end of theperiod when incorporating market expectations for the BoE’s policy rate for the coming years.”
“We expect the BoE to signal that a larger hike today is unlikely to be the first of a series of larger hikes and that market expectations for further hikes are likely still too aggressive. It should encourage a weaker Pound and reinforce the move lower in Cable.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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