Bank of England Unlikely to Hike Thursday, but Sterling Confidence Remains Stable: BoA

According to Bank of America analysts on June 17, the Bank of England is unlikely to raise rates when it meets Thursday, but this is not expected to significantly damage market confidence in sterling. The central bank faces pressure to balance persistent inflation risks against signs of weak employment. Bank of America forecasts the BoE will hold rates steady this week, followed by rate hikes in July and September as energy price pressures and secondary inflation effects warrant closer monitoring.
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