Investment Week (May 10)
2023/ 05/ 10 by jd in Global News
“The Bank of England is widely expected to make a 25 basis points hike tomorrow (11 May) as inflation remains stickily in the double digits, despite record rises in interest rates over the past two years. The move would come in the wake of similar decisions from the Federal Reserve and European Central Bank last week.” Looking ahead, a rate cut seems more likely from the Fed, with analysts “split on the path forward for the BoE following the presumed 25bps hike, with much depending on economic data released over the next few months.”
Tags: 25 basis points, Analysts, BOE, ECB, Economic data, Fed, Hike, Inflation, Interest rates, Rate cut, Split
