Economist at UOB Group Lee Sue Ann expects the BoE to hike its policy rate by half percentage point at its gathering later on Thursday.

Key Takeaways

“While the minutes of the Dec meeting appeared to open the door to a potential downshift to a 25bps move, and this meeting looks like a closer call than markets are pricing; recent economic data has been relatively hawkish.”

“For now, we have pencilled in a 50bps hike at the Feb meeting.”