Analysts at Danske Bank point out that we have the Bank of England meeting this week (Thursday) and like consensus, they expect a hike in the Bank Rate from 0.50% to 0.75%, as activity indicators have rebounded and as the unemployment rate is low.
Key Quotes
“Importantly, we do not expect more rate hikes his year and only one next year, as Brexit looms and as the neutral rate stays low.”
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