Deutsche Bank expect +25bps rate hike from the Bank of England this week – ‘close call’

A snippet on what Deutsche Bank is expecting from the Bank of England:

• expect a +25bps hike taking the Bank Rate to 5.25%
• it is a close call between that and +50bps
• Beyond next week’s decision, see two more +25bps hikes
• rate cuts potentially starting from Q2 of 2024

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