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JPMorgan Now Expects Bank of England to Hike in Feb 2027, Reversing Earlier Call for Two Cuts
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JPMorgan has revised its forecast for the Bank of England's monetary policy, now expecting a 25-basis-point interest rate hike in February 2027. This marks a significant shift from the bank's previous projection, which had anticipated two rate cuts during the same year. The updated outlook suggests that JPMorgan analysts now see persistent inflationary pressures or stronger economic conditions that would warrant tightening rather than easing. The forecast is attributed to JPMorgan and reflects their current assessment of the UK economic trajectory. No further details on the rationale or broader economic context were provided in the source item.
Source report
JPMorgan now expects the Bank of England to raise interest rates by 25 basis points in February 2027, revising its previous forecast which had anticipated two rate cuts during the same year.
Source
金十数据Neutral / independent
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