Investors Price in High Possibility of BOE November Rate Increase
Dow Jones09-30 19:22
1121 GMT - Markets price in over 80% chance of the Bank of England increasing interest rates in November as U.K. GDP data shows resilient growth. The latest quarterly GDP data shows U.K. economy expanded by 0.5% in the second quarter, better than the 0.4% consensus forecast by economists in a WSJ survey. This raises the possibility of the BOE increasing interest rates in the coming months, to tackle inflation. Investors fully price in a total of four BOE rate increases by July 2027, LSEG data show.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments