will announce its interest rate decision on Thursday, February 2 at 12:00 GMT, publishing the Minutes of the meeting and Monetary Policy Report alongside. As we get closer to the release time, here are the expectations forecast by the economists and researchers of nine major banks.
The BoE is set to raise rates by 50 basis points in February from 3.50% to 4.0%. The vote split, forecasts and Governor Bailey’s press conference will steal the show.“We expect the BoE to hike the Bank Rate by 50 bps. We pencil in an additional 25 bps hike in March, now expecting the Policy Rate to peak at 4.25% in March 2023. Dovish communication from BoE should send“We expect the MPC to hike 50 bps at this meeting, but signal a downshift in the pace of rate hikes as terminal approaches.
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