Bank of England to make more rate hikes - Danske Bank

Friday, 23. September 2022 08:41

The Bank of England is expected to make additional interest rate increases in the upcoming months following yesterday's 50 basis points (bp) hike, Danske Bank estimated on Friday.

Economists at the largest bank in Denmark projected the British central bank would increase its key rate by 50 bp in November and December, followed by a 25 bp in February.

"We do not expect rate hikes beyond the February meeting, although another 25 bps rate hike in March seems like a close call at this point," Danske Bank noted, adding that its expectations "fall below current market pricing as it expects the Bank of England will eventually turn less hawkish amid a weakening growth backdrop."

Related Links: Danske Bank A/S
Author:
Baha Breaking News (BBN) / ND