It looks highly likely that both the Fed and the BoE will hike their borrowing rates by 75 basis points this week, as both central banks continue to struggle with persistently high inflation. Get your market update from nickcawley1 here:
It looks highly likely that both the Federal Reserve and the Bank of England will hike their borrowing rates by 75 basis points this week, as both central banks continue to struggle with persistently high inflation. While both announcements will be closely watched, it is the post-decision rhetoric that will need to be closely parsed for any indications of the path of rate hikes going forward.
The Bank of England will also hike sharply this week – there is a 98% chance of a 75 basis point increase – and will look to continue hiking rates in the coming months although the size of each hike is still open to debate. New PM Rishi Sunak and Chancellor Jeremy Hunt have stabilized theover the last couple of weeks and bought borrowing costs down.
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