Schroders: BoE rates unchanged; autumn hike seen more likely
David Rees at Schroders says the Bank of England was right to keep rates unchanged. He sees an autumn rate hike as more likely, but argues economic conditions are not yet calling for higher rates.
David Rees at Schroders said in a note that the Bank of England was right to leave interest rates unchanged. He said an autumn hike now looks more likely, although economic conditions are not calling for higher rates. Rees added that markets may be building a case for an autumn increase, particularly if other central…