High Noon For Biggest Interest Rate Rise Yet On 4th August
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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