Factbox-Brokerages call peak on BoE Bank Rate after Sept pause
Reuters
Published Sep 22, 2023 11:16
Updated Sep 22, 2023 14:30
(Reuters) -Most big brokerages expect the Bank of England to hold the policy rate at 5.25% for the rest of the year after the central bank paused its tightening cycle on Thursday following 14 back-to-back rate hikes.
Following are forecasts from some global banks:
Brokerage name Current Terminal Rate Previous Terminal Rate
Expectation Expectation
Barclays (LON:BARC) 5.25% 5.50%
BNP Paribas (EPA:BNPP) 5.25% 5.50%
BofA 5.25% 5.50%
Global Research
Citigroup (NYSE:C) 5.25% 5.50%
Deutsche Bank (ETR:DBKGn) 5.25% 5.75%
Goldman Sachs (NYSE:GS) 5.25% 5.25%
J.P.Morgan 5.25% 5.75%
Morgan Stanley (NYSE:MS) 5.25% 5.50%
UBS 5.25% 5.50%
HSBC (LON:HSBA) 5.25% 5.50%
(Complied by the Broker Research team in Bengaluru; Editing by Eileen Soreng and Anil D'Silva)
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Written By: Reuters
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