UBS Expects BOE Terminal Rate at 4.25%, Sees Risk It Could Be Higher
UBS strategists expect one more Bank of England rate increase in February, taking the terminal rate to 4.25%. They say it could be higher.
UBS strategists expect the Bank of England to raise interest rates one more time in February to a terminal rate of 4.25%. The BOE increased rates to 4.0% this week as widely expected, but indicated potentially more rate rises in future after updating its U.K. inflation forecast to reach around 5% b…