We believe the outsized move in Jun will be a one – by pabspiovano
According to Economist Lee Sue Ann at UOB Group, the BoE is widely expected to raise its policy rate by 25 bps at its event on August 3.We believe the outsized move in Jun will be a one off. The recent slew of economic data should ease some of the pressure to keep on raising interest rates sharply.
We keep to our view that the BOE will likely hike by 25bps at each of its next two meetings , culminating with a terminal rate of 5.50%. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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