BoE Preview: Bank will opt for further hikes in the first half of 2023 – Goldman Sachs
Gurpreet Gill, Macro Strategist, Global Fixed Income, Goldman Sachs Asset Management, expresses his view on the likely Bank of England (BoE) monetary policy announcements.
Key quotes
“Wage growth, a key determinant of services inflation, is around 6%, double the level estimated to be consistent with the Bank's 2% inflation target.”
“Broad-based inflationary pressures however mean the Bank is unlikely to pause its hiking cycle too soon.”
“The bank will opt for further hikes in the first half of 2023 until inflation shows less momentum.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
