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Home News BNP Paribas lowers its Bank of England terminal rate forecast

BNP Paribas lowers its Bank of England terminal rate forecast

by Uma Rajagopal
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2023 08 04T055648Z 2 LYNXMPEJ73063 RTROPTP 4 GLOBAL BANKS BNP PARIBAS

BNP Paribas lowers its Bank of England terminal rate forecast

(Reuters) – BNP Paribas on Friday lowered its Bank of England (BoE) terminal rate forecast to 5.50% from a prior estimate of 5.75%.

The move comes after BoE raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday.

 

(Reporting by Subhadeep Chakravarty; Editing by Dhanya Ann Thoppil)

 

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