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Morgan Stanley outlook favors Bank of England
Morgan Stanley's expectations regarding Bank of England interest rates are changing, indicating that the bank is likely to raise rates twice by 25 basis points in November and February to combat rising inflation. These predictions come after prior expectations of no future increases. The analysts rely on fiscal policy assessments as a key driver for monetary tightening, while the near-term risk balance remains affected by strong global growth. This comes amid ongoing inflationary pressures linked to the Middle East conflict and the possibility of rising energy prices. The UK central bank recently held interest rates steady but is exploring the potential for a hike to address inflation, which could exceed 4% early next year.
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