Markets
Fed, BOE and ECB Officials Signal More Rate Hikes; U.K. Base Rate Seen Reaching 5%
svg]:size-[20px]">PiCK Summary Officials from the central banks of the U.S., U.K. and euro area said additional rate hikes remain on the table as inflation pressures persist. Markets are pricing in about a 70% chance that the Bank of England base rate will rise by 0.25 percentage point to 4.25% in December. The National Institute of Economic and Social Research said the U.K. needs a 5% benchmark rate , or else inflation could remain above 2% through the end of 2030. Forecast Trend Report by Period AI is analyzing this news. Please check back later Officials from the central banks of...
bloomingbit4 min read
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