Bank of England: Another 50bp hike and we expect more to come

In line with our expectations, the BoE today hiked policy rates by 50bp, bringing the Bank Rate to 2.25.
The extent to which fiscal policy is set to boost demand and hence impact policy setting is still highly uncertain.
We maintain our call for a 50bp hike in November and December and 25bp in February with risks to our call skewed towards additional hikes in 2023.

Danske Research Team Danske Bank A/S

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Danske Research Team

Danske Bank A/S

Research is part of Danske Bank Markets and operate as Danske Bank's research department. The department monitors financial markets and economic trends of relevance to Danske Bank Markets and its clients.

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