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Morgan Stanley now expects BOE to raise bank rate by 25 bps in May

Morgan Stanley now expects BOE to raise bank rate by 25 bps in May

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Justin Low
19/04/2023 | 08:59 GMT
  • The firm previously expected no change to the bank rate next month

It's a bit of late call, especially after having seen the wages data yesterday and then the inflation numbers today. The OIS market now shows 98% odds already priced in for a 25 bps rate hike for the 11 May meeting decision.

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