When taken together, the Bank of England’s forward guidance and its economic forecasts imply that the Bank may not raise interest rates until late in 2023 at the earliest. That would be later than the current pricing in the financial markets of towards the end of 2022. What’s more, the guidance combined with our own economic forecasts suggest that rates may not rise until 2025.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.