Traders Bet BOE Will Raise Rates This Year Amid Hawkish Signals

view original post

The BOE “appears concerned about inflation credibility,” said Robert Wood, Bank of Amercia’s U.K. economist, adding that policy makers will “hike early” to avoid more increases later. BofA expects a 15-basis-point increase in December, followed by another 25 basis points in February, in line with market bets.