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J.P. Morgan predicts BoE rate hikes in November and February
J.P. Morgan predicted that the Bank of England will raise interest rates by 25 basis points next February, following the decision to keep borrowing costs at 3.75%. Although no immediate change was made, the bank warned of a possible move towards further monetary tightening if the war in Iran continues, with expectations that inflation could exceed 4% at the beginning of next year. Additionally, the bank has suspended bond sales for six months and is working on long-term reforms to reduce its debt holdings, aiming to lessen uncertainty amid market fluctuations.
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