September is probably too soon for a pause in the Bank of England’s cycle of raising interest rates, ING economist James Smith writes in a note. The central bank is largely expected to raise its key rates again, from the current 5.25%, at its next policy meeting, having stated that rates need to stay “sufficiently high for sufficiently long.” Some observers suggest the central bank might pause its cycle to further it later, forestalling questions over eventual cuts, Smith writes. But given continued boosts to inflation from wage growth and higher services prices, this would still be too early, Smith writes. By the following…
#BOE #Pause #Rate #Hikes
