Expecting ‘Couple More’ Rate Hikes Down The Line Is Reasonable, Says McCafferty of BoE
Depending on the performance of the economy, BoE could raise rates in the coming two years.
Depending on the performance of the economy, BoE could raise rates in the coming two years.
The analysts’ prediction of rate hike for September has been reinforced with the performance of May 2018.
Even though, the British economy outperforms the initial blows of Brexit, the performance still keeps the country “lagging” behind in “global recovery”.
Economists say that “we can expect the calls for a rate rise to reduce to a whimper”.