BoE: The hiking cycle could be ending soon – UOB – by pabspiovano BOE CentralBanks Banks InterestRate UnitedKingdom
“Headline CPI unexpectedly jumped in Feb, to 10.4% y/y, the first increase in four months, after a 10.1% y/y gain in Jan. On a monthly basis, headline CPI was up 1.1%, exceeding aof 0.6%, and against the fall of 0.6% in Jan. Core inflation rose to 6.2% y/y from 5.8% y/y in Jan.”
“We are thus looking for a 25bps rate hike when the BOE announces its latest monetary policy decision at 8pm SGT later this evening . The minutes of the meeting will be published alongside the decision. This, however, could be the final hike of the current tightening cycle. We bear in mind that the rise in interestInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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