Bank of America Expects BOE to Resist Market Rate-Rise Pricing
Bank of America strategists expect the Bank of England to resist market pricing of four rate rises over the coming year at Thursday’s policy meeting, while still raising rates to 4% as a risk-management move amid rising U.K. inflation.
The Bank of England is likely to resist market pricing of four rate rises over the coming year at Thursday's policy meeting, Bank of America strategists say in a note. The BOE is nonetheless expected to raise interest rates to 4% as a risk management move given rising U.K. inflation, they say. "We…