2023-05-30 09:08:00
© Archyde.com Nomura’s predictions for the ECB and the Bank of England’s peak interest rates and when they will be cut
Arabictrader.com – Economists at the Japanese investment bank Nomura discussed their expectations for the peak rate hike by both the European Central Bank and the Bank of England, explaining some common points between the moves of both central banks regarding monetary policy.
In this regard, the experts of the Bank of Japan explained that the Bank of England and the European Central Bank have become more reliant on data, noting that the weak data and the recent less stringent comments led to the European Central Bank slowing interest rates at its last meeting, and it is expected in this regard that the bank intends a basis point Twice in a row until reaching a peak of 3.75% by next July.
As for the Bank of England, after the release of the latest inflation report, the Bank of England raises interest rates by 25 basis points over the next three meetings, until the Bank of England reaches a peak level of 5.25%.
As for the likely date of the rate cut, experts assumed that the Bank of England and the European Central Bank are likely to intend to cut rates in just over a year, to 2.75% and 4% for the Bank of England.
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