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Citi says it expects BoE to pause after one more rate hike


Citi says it expects BoE to pause after one more rate hike By Reuters

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Published Sep 18, 2023 13:44
Updated Sep 18, 2023 13:51

© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/File Photo

LONDON (Reuters) – U.S. bank Citi said it expected the Bank of England to halt its run of interest rate increases after a hike on Thursday, although there was an outside chance of a pause this week.

“With the agenda moving quickly, we think 1) a pause should not be dismissed; and 2) this week’s move is probably the last,” Citi said in a note to clients shared with media on Monday.

“We now look for no change in November, with a full set of forecasts plausibly providing a basis to pause. We continue to see cuts from May 2024.”

Citi says it expects BoE to pause after one more rate hike

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