J.P. Morgan Private Bank Says Further BOE Rate Rises Likely Limited
Madison Faller says the BOE’s rate increase was measured and credibility-preserving, rather than the start of an aggressive tightening cycle.
The Bank of England's decision to raise interest rates Thurday feels like a measured, credibility-preserving move rather than the start of an aggressive tightening cycle, J.P. Morgan Private Bank's Madison Faller says in a note. "Inflation is elevated, but the evidence that it is broadening beyond…