Could oil at $120 finally push the Bank of England into a rate hike?
Investing.com -- The Bank of England is poised to keep interest rates on hold at its July 30 meeting despite a rise in energy prices, ING Economics said in a note dated Monday. ING expects another 7-2 vote to keep rates unchanged this Thursday, with the central bank’s updated forecasts likely to show inflation close to 3% in the second half of this year and into early next year.
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Investing.com -- The Bank of England is poised to keep interest rates on hold at its July 30 meeting despite a rise in energy prices, ING Economics said in a note dated Monday. ING expects another 7-2 vote to keep rates unchanged this Thursday, with the central bank’s updated forecasts likely to show inflation close to 3% in the second half of this year and into early next year. That is below the 4% threshold the Bank has previously said is statistically more likely to trigger second-round effects and a longer-lasting bout of price pressure, ING said. Those forecasts, however, will not fully capture the latest rise in energy costs, according to ING.
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- Investing.com -- The Bank of England is poised to keep interest rates on hold at its July 30 meeting despite a rise in energy prices, ING Economics said in a note dated Monday. ING expects another 7-2 vote to keep rates unchanged this Thursday, with the central bank’s updated forecasts likely to show inflation close to 3% in the second half of this year and into early next year.
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Could oil at $120 finally push the Bank of England into a rate hike?
Sources1TypeCoverageInvesting.com · Economy