BoE: Extra tightening remains well in place – UOB

Market news

22 June 2023

BoE: Extra tightening remains well in place – UOB

Economist at UOB Group Lee Sue Ann suggests the BoE will most likely hike its policy rate by 25 bps at today’s meeting.

Key Quotes

The BOE will no doubt be concerned about the pace of wage growth, and the stickiness of core inflation at this juncture.

Taking into account the BOE’s guidance and the latest slew of economic data releases, we now look for a 25bps rate hike at this meeting.

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