Jefferies Says BOE May Deliver Fewer Rate Rises Than Markets Expect
Jefferies analyst Modupe Adegbembo says the Bank of England is unlikely to raise rates as much as markets expect. The BOE voted 8-1 to raise rates by 25 basis points to 4.0% Thursday; one member preferred a larger increase.
The Bank of England is unlikely to raise interest rates as much as markets expect, Jefferies's Modupe Adegbembo says in a note. The BOE voted 8-1 to raise interest rates by 25 basis points to 4.0% Thursday, with one member preferring a 50 bps move. The BOE is clearly open to additional rate increas…