Bank of England with biggest rate hike in 27 years – Commerzbank
04.08.2022, 13:45

Bank of England with biggest rate hike in 27 years – Commerzbank

Economist at Commerzbank provide their afterthoughts on the latest Bank of England monetary policy decision, announced earlier this Thursday. The UK central bank announced the sixth rate hike in the current cycle and raised its key interest rate by 50 bps to 1.75%.

Key Quotes:

“The reason for the sharp hike is increasing inflationary pressure. According to the BoE, the labor market remains tight and domestic cost and price pressures are high. The central bank now forecasts inflation to peak at 13% in the fall. Inflation concerns obviously outweighed the economic slowdown – the BoE expects a recession in the UK from the fourth quarter.”

“The BoE would take the necessary decisions to bring inflation back to the 2% target, it said. In doing so, the Committee will be particularly alert to indications of more persistent inflationary pressures, and will if necessary act forcefully in response.”

“In our assessment, the interest rate hikes so far have not been sufficient to get inflation under control. At 1.75%, the bank rate has probably not even reached the "neutral level" at which the economy is neither boosted nor dampened. We therefore continue to expect further interest rate hikes to 2.75% by early 2023. However, following the most recent sharp tightening and against the backdrop of the weaker economy, we believe it is likely that the next meeting in September will see another smaller step of 25 basis points.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik