BoE: More front-loaded hikes and sooner cuts is the strategy – TDS BOE InterestRate UnitedKingdom Banks
and near-record inflation. Economists at TD Securities revise their Bank Rate profile, and now expect sharp hikes in the near-term, followed by cuts once the wage-price link has been broken.“We now expect the MPC to deliver sequential 50 bps hikes at its September and November meetings, before slowing to a 25 bps hike in December.”
“Our new profile sees Bank Rate reach a peak of 3.00% from December this year, still well below the market's expectation of a 4.00% terminal rate.”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.
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