As the central bank prepares for a new tightening cycle, futures have priced in 120 basis points of increases by the end of 2022 — the most in one year’s time since 2009, when the U.K. was escaping the worst of the global financial crisis, according to UBS.
Philip Shaw, chief economist at Investec in London, is in the camp that the Bank of England will move rates higher by 15 basis points to 0.25%. “Our judgement is that most members will feel that there is relatively little to lose by raising rates by 15bps at this stage, but that its credibility is at stake should rising inflation prove to be more than transitory,” he said.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: