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Bank of America predicts two UK rate increases
Bank of America Global Research forecasts that the British interest rate will be raised twice consecutively in November and February by 25 basis points each time, amid ongoing high inflationary pressures resulting from rising energy prices. This expectation comes after the Bank of England adopted a more hawkish tone last week regarding inflation risks, aligning with the outlooks of other major financial institutions that anticipate borrowing costs will increase due to higher oil and natural gas prices. It is worth noting that the UK central bank kept interest rates unchanged this month, while the Federal Reserve, the European Central Bank, and the Bank of Japan all raised theirs.
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