BOE Could Face Pressure to Raise Rates After Rate Increases by Peers
Dow Jones
Sep 23
0829 GMT - The Bank of England could come under pressure to increase interest rates following recent rate increases by central banks in the U.S., Japan and Europe, Tickmill Group's Patrick Munnelly says in a note. Concerns about high oil prices and inflation risks have caused major central banks to move towards rate rises. Markets price in three or more rate increases by each of the key central banks over the next year, LSEG data show. "Once the Fed, ECB and BoJ are all responding to the energy shock with tighter policy, it becomes harder for markets to believe the BOE can sit this cycle out," he says.
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