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UniCredit: Stick to Forecast of one more hike in May (or before)

BOE
  • “Another 25bp rate hike is very likely in May, or before. But we still see the peak for the bank rate at 75bp in May, after which inflation will likely fall significantly and concerns will shift to subdued growth.”
  • “The MPC reaffirmed today that it would consider actively selling gilts in a predictable and gradual manner if the bank rate reaches 1%, although in our view the bank rate probably won’t reach this level in this cycle.”

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