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BofA now expects two rate hikes from Bank of England, reversing earlier no-hike forecast
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Bank of America (BofA) has revised its forecast for the Bank of England's (BoE) monetary policy, now predicting two interest rate increases. This marks a reversal from the bank's earlier forecast that the BoE would not raise rates. The updated outlook was reported by tradealpha, citing BofA's analysis. The specific timing or magnitude of the expected rate hikes was not detailed in the brief report. The shift reflects changing expectations for the UK economic outlook and inflationary pressures, though the source does not provide the underlying rationale for BofA's revised stance.
Source report
Bank of America (BofA) has revised its outlook for the Bank of England, now predicting two interest rate hikes. This marks a reversal from its previous forecast, which had anticipated no rate increases.
Source
rtrsNeutral / independent
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