While the futures market has priced for the Bank of England (BOE) to raise interest rates before the...
While the futures market has priced for the Bank of England (BOE) to raise interest rates before the end of the year, some managers believe it is too early for such policy tightening. The bank's Monetary Policy Committee (MPC) meets on 5-6 November, when it will decide whether to move the official rate from 3.5%, where it has remained since the last rate move, a 25 basis point easing on 10 July. The implied yield in the bank bill futures market points to consensus expectations for 50 basis points of tightening before the end of December. The market is also pricing for a further 125 basi...
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