ING Predicts BoE Rate Hike in June as UK Q1 Growth Unlikely to Shift Policy, May 14

GateNews

According to Jin10 data on May 14, ING analyst James Smith predicted that strong UK first-quarter economic growth data is unlikely to alter the Bank of England’s monetary policy expectations. Smith expects the BoE to hike rates once in June. He noted that UK economic growth has historically been stronger in early years since 2022, suggesting potential deceleration in coming quarters. Smith forecast Q2 growth around 0.2%-0.3%, with Q3 potentially turning negative amid falling real incomes and rising inflation.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments