In line with our expectation, the BoE today hiked policy rates by 25bp, bringing the Bank Rate to 4.25%. With both growth and domestic inflation having surprised to the upside and given BoE’s message today we pencil in an additional 25bp hike in May 2023. We thus expect the Bank Rate to peak at 4.50%. […]
The post Bank of England Review – Set for Another 25bp Hike in May appeared first on Action Forex.
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