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NEWS

BNP Paribas lowers its Bank of England terminal rate forecast

BNP Paribas lowers its Bank of England terminal rate forecast

BNP Paribas lowers its Bank of England terminal rate forecast

(Reuters) – BNP Paribas on Friday lowered its Bank of England (BoE) terminal rate forecast to 5.50% from a prior estimate of 5.75%.

The move comes after BoE raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday.

 

(Reporting by Subhadeep Chakravarty; Editing by Dhanya Ann Thoppil)

 

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