Free Trial

VIEW CHANGE: JP Morgan adds Aug23 hike to 5.00% terminal rate

  • "We assume the BoE still won’t go back to 50bp hikes, even if the data are suggesting it ought to. But we continue to see a 25bp hike in June, and now look for a further 25bp hike in August taking rates to 5%. We see clear upside risk to this, depending on how our global views evolve in 2H23."
  • "We now see annually calculated core inflation accelerating above 7%oya in the next release. While only small, we even now have a brief rise in annual headline inflation back up to 8.8%oya in May. We expect headline around 5% by year end and core at 6%. We think there is a good case for the BoE to consider a 50bp in June. "

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.