Citi says it expects BoE to pause after one more rate hike By Reuters

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Citi says it expects BoE to pause after one more rate hike

Published Sep 18, 2023 13:44 Updated Sep 18, 2023 13:51

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Citi says it expects BoE to pause after one more rate hike

LONDON (Reuters) - U.S. bank Citi said it expected the Bank of England to halt its run of interest rate increases after a hike on Thursday, although there was an outside chance of a pause this week.

"With the agenda moving quickly, we think 1) a pause should not be dismissed; and 2) this week’s move is probably the last," Citi said in a note to clients shared with media on Monday.

"We now look for no change in November, with a full set of forecasts plausibly providing a basis to pause. We continue to see cuts from May 2024."

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Comments (2)

Mareks Boriss Sep 18, 2023 16:25

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Pause for one month..

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Dirk Reynen Sep 18, 2023 14:51

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Just one more ey….

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Citi says it expects BoE to pause after one more rate hike

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