
3rd August 2022
Many prediction around that the next interest rate rise by the Bank of England will come on Wednesday 4th August at 12 Noon.
Investors anticipate a 70% chance of a half-point increase in the BOE's benchmark rate to 1.75%, the highest since the global financial crisis in 2009. While most economists also see a move of that scale this week, some including Morgan Stanley and NatWest Markets say a quarter point is more likely, citing rising recession risks.
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