BOE Rate-Hike Forecasts Dumped as Growth Shock Proves Last Straw
From bloombergquint.com
Economists abandoned predictions that the Bank of England will increase interest rates next month after two weeks of disappointing data and the public doubts of Mark Carney. The shock near-stagnation of the economy proved the final straw after the BOE governor raised questions about such a move last week. Firms including NatWest Markets, SEB, Berenberg and ING have now withdrawn their predictions for May, while UBS said it now sees no moves until at least 2020. After raising borrowing costs for the first time in over a decade in November, policy makers signaled they may need to speed up tightening get inflation back ...
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