- Analytics
- News and Tools
- Market News
- BoE to continue to hike in 25 bps steps until reaching terminal rate of 5% in August – Goldman Sachs
BoE to continue to hike in 25 bps steps until reaching terminal rate of 5% in August – Goldman Sachs
As the Bank of England (BoE) inspired “Super Thursday” kicks in, the Goldman Sachs (GS) unveils its monetary policy forecasts for the “Old Lady”, as it is informally known.
Key predictions
While it is possible that the monetary policy committee might want to slow the hiking to a quarterly pace after the May meeting, we remain skeptical that this will be feasible amid ongoing inflationary pressures.
We therefore expect the monetary policy committee to continue to hike in 25 basis point steps until reaching a terminal rate of 5% in August.
We expect that the Bank will only start to reduce rates from 2024 Q2 given resilient growth momentum.
UK inflation on track to fall rapidly, helped by cooling global energy prices (but) was unlikely to drop enough to meet the BoE’s 2% target.
Also read: GBP/USD Price Analysis: Cable turns defensive above 1.2600 on BoE “Super Thursday”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
