BoE: market pricing implies two rate rises in next three years
Markets project first rate rise in Q3 2018, but committee says tightening may need to come sooner
UK interest rates are unlikely to rise before the third quarter of 2018, according to the latest market-implied projections to come out of the Bank of England (BoE), though the central bank’s policymakers suggest action may be needed sooner.
Released as part of its latest Inflation Report today (August 3), forward market interest rates now imply there will be two hikes over the three-year horizon, instead of the one forecast in May, with the second expected between Q3 and Q4 in 2020.
BoE
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