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VIEW CHANGE: GS look for 5.50% terminal rate

BOE
  • "Following today's release, we mechanically update our UK inflation forecast and now expect core and headline inflation to be 6.2%yoy and 4.8%yoy, respectively, in December 2023."
  • "We maintain our forecast for a 25bp hike at tomorrow’s MPC meeting but now expect a further 25bp hike in November, and increase our terminal Bank Rate forecast to 5.5% (vs 5.25% previously).

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