BlackRock Says Markets May Overprice BOE Rate Hikes
BlackRock Investment Institute's Paul Vivek says markets are pricing in too many rate hikes after the BOE's 8-1 decision to raise rates by 25 basis points; one voter favored a larger increase.
Although the Bank of England's 8-1 decision to raise the bank rate by 25 basis points, with one vote for a bigger increase, looked more hawkish than expected, markets are pricing in too many rate hikes, BlackRock Investment Institute's Paul Vivek says in a note. "For now, we only see room for one m…