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BoE call. We expect the Bank of England (BoE) to hike the Bank Rate (key policy rate) by 25bp on 11 May bringing it to 4.50%. This is in line with markets expectations.
The Bank of England looks set to raise rates by another 25bp on Thursday. Although it will imply further tightening is possible, we think this hike wi
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British companies' predictions for wage growth in the coming 12 months cooled in April to their lowest level for seven months, and their expectations for inflation also eased, a Bank of England survey showed on Thursday.
MANCHESTER, England (Reuters) - British companies' predictions for wage growth in the coming 12 months cooled in April to their lowest level for seven months, and their expectations for inflation also eased, a Bank of England survey showed on Thursday. | 05:49am
This week will be extremely busy as we have an FOMC decision, the nonfarm payroll report, peak earnings season, all while Wall Street keeps an eye on the banking industry to see if any news stresses arise. The FOMC meeting is expected to have policymakers deliver one more quarter-point rate rise, possibly leaving the door open for one more. Disinflation trends need to show they are firmly entrenched for the Fed to take their foot off the tightening pedals.